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Salzer Electronics trades jubilantly on incorporating joint venture

03 Sep 2021 Evaluate

Salzer Electronics is currently trading at Rs. 171.35, up by 20.25 points or 13.40% from its previous closing of Rs. 151.10 on the BSE.

The scrip opened at Rs. 167.00 and has touched a high and low of Rs. 174.80 and Rs. 164.15 respectively. So far 80871 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 189.60 on 02-Aug-2021 and a 52 week low of Rs. 89.00 on 25-Sep-2020.

Last one week high and low of the scrip stood at Rs. 174.80 and Rs. 147.30 respectively. The current market cap of the company is Rs. 273.86 crore.

The promoters holding in the company stood at 32.63%, while Institutions and Non-Institutions held 6.84% and 60.53% respectively.

Salzer Electronics has incorporated a joint venture namely ‘Salzer Emarch Electromobility’. The new joint venture was incorporated with an objective of making electric conversion kits for auto-rickshaws, cars and buses and also manufacturing novel electric driven utility vehicles and other allied activities.

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.

Salzer Electronics Share Price

652.05 10.85 (1.69%)
30-Apr-2026 16:59 View Price Chart
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