SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Elgi Equipments surges after its arm forms Joint Venture Company in USA

09 Jul 2021 Evaluate

Elgi Equipments is currently trading at Rs. 216.75, up by 4.30 points or 2.02% from its previous closing of Rs. 212.45 on the BSE.

The scrip opened at Rs. 213.10 and has touched a high and low of Rs. 217.35 and Rs. 213.10 respectively. So far 2036 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 244.00 on 20-Apr-2021 and a 52 week low of Rs. 74.00 on 14-Jul-2020.

Last one week high and low of the scrip stood at Rs. 221.00 and Rs. 208.15 respectively. The current market cap of the company is Rs. 6732.73 crore.

The promoters holding in the company stood at 31.91%, while Institutions and Non-Institutions held 32.46% and 35.62% respectively.

Elgi Equipments’ Wholly Owned Subsidiary -- Elgi Compressors USA Inc. has formed a Joint Venture Company in USA by name ‘Gentex Air Solutions, LLC.’ as a North Carolina Limited Liability Company, along with James Gery and Diego Hernandez.

Elgi Compressors USA Inc. has invested $95,000 in the share capital of Gentex Air Solutions, LLC. The newly formed entity will host the sales force for the Dallas, Texas area of USA with an objective of promoting ELGi’s products in that area.

Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.

Elgi Equipments Share Price

549.00 7.25 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1764.10
KSB 966.60
Shakti Pumps (I) 573.95
Elgi Equipments 549.00
Kirloskar Pneumatic 1264.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×