Salzer Electronics is currently trading at Rs. 178.50, up by 1.40 points or 0.79% from its previous closing of Rs. 177.10 on the BSE.
The scrip opened at Rs. 186.00 and has touched a high and low of Rs. 186.00 and Rs. 173.65 respectively. So far 49217 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 187.00 on 14-Jul-2021 and a 52 week low of Rs. 80.00 on 20-Jul-2020.
Last one week high and low of the scrip stood at Rs. 187.00 and Rs. 170.20 respectively. The current market cap of the company is Rs. 286.57 crore.
The promoters holding in the company stood at 35.83%, while Institutions and Non-Institutions held 9.51% and 54.66% respectively.
Salzer Electronics has entered into joint venture with EMarch LLP to manufacture electric conversion kits for vehicles. The company would form a wholly owned subsidiary, Salzer EV Infra, which in turn would form a JV named Salzer EMarch E Mobility, in association with EMarch LLP (Indo-Austrian technology firm with abundant resource and knowledge in Electric Conversion Kits & power electronics).
This JV would be engaged in manufacturing electric conversion kits for auto-rickshaws, cars and buses and also manufacture novel electric driven utility vehicles.
Salzer Electronics made its debut in the Electrical Industry with an aim to design, develop, manufacture and supply CAM operated Rotary Switches, selector switches, Wiring Ducts, Voltmeter Switches and allied products. It is headquartered in Coimbatore, Tamil Nadu.
