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Rane Engine Valve rises on selling vacant land at Telangana

11 Jan 2021 Evaluate

Rane Engine Valve is currently trading at Rs. 275.10, up by 1.80 points or 0.66% from its previous closing of Rs. 273.30 on the BSE.

The scrip opened at Rs. 284.25 and has touched a high and low of Rs. 286.10 and Rs. 275.10 respectively. So far 397 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 332.00 on 18-Dec-2020 and a 52 week low of Rs. 119.25 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 286.10 and Rs. 265.00 respectively. The current market cap of the company is Rs. 185.44 crore.

The promoters holding in the company stood at 54.84%, while Institutions and Non-Institutions held 1.70% and 43.46% respectively.

Rane Engine Valve has sold vacant land admeasuring 9.9 acres approximately located in Medchal Village, Industrial Estate, Telangana for a cash consideration of Rs 24.34 crore.

Rane Engine Valve is engaged in the manufacture of valves and valve train components for various engine applications.The Product range of the company includes:Engine Valves,Valve Guide and Tappets.

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