Centum Electronics is currently trading at Rs. 220.00, up by 3.10 points or 1.43% from its previous closing of Rs. 216.90 on the BSE.
The scrip opened at Rs. 221.00 and has touched a high and low of Rs. 221.00 and Rs. 220.00 respectively. So far 13 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 575.00 on 30-May-2019 and a 52 week low of Rs. 180.00 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 250.00 and Rs. 210.55 respectively. The current market cap of the company is Rs. 279.47 crore.
The promoters holding in the company stood at 58.80%, while Institutions and Non-Institutions held 7.93% and 33.26% respectively.
Centum Electronics’ board has approved the proposal for further investment in Centum Adetel Group (CAG) SA. With the proposed investment, Centum Electronics’ stake in CAG will increase from the current level of 54.15% to 59.80%. Further, the said investment will be done through Centum Electronics UK, a wholly owned subsidiary of the company, subject to necessary approvals. The board of directors of the company at their meeting held on May 6, 2020 has approved the same.
Centum Electronics is engaged in designing and manufacturing of advanced electronics systems, subsystems, and components. These products cater to various segments such as communications, military, space, automotive and industrial electronics.
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