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Sandhar Technologies soars on entering into MoU with Unicast Autotech

22 Mar 2021 Evaluate

Sandhar Technologies is currently trading at Rs. 220.35, up by 6.75 points or 3.16% from its previous closing of Rs. 213.60 on the BSE.

The scrip opened at Rs. 218.50 and has touched a high and low of Rs. 223.00 and Rs. 215.15 respectively. So far 6311 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 280.15 on 27-Nov-2020 and a 52 week low of Rs. 121.10 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 223.00 and Rs. 200.05 respectively. The current market cap of the company is Rs. 1329.61 crore.

The promoters holding in the company stood at 70.32%, while Institutions and Non-Institutions held 18.77% and 10.91% respectively.

Sandhar Technologies has entered into a Non-Binding Memorandum of Understanding (MoU) with Unicast Autotech (P) on March 20, 2021 for the purpose of acquiring Aluminium Die Casting Business.

Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc. 

Peers
Company Name CMP
SamvardhanaMotherson 164.50
Tube Investments 2580.40
Bosch 47711.40
UNO Minda 1223.50
Bombay Burmah Trdg. 1449.80
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