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Modison Metals surges on getting nod to enter into MoU with Renera, LDrive

10 Nov 2021 Evaluate

Modison Metals is currently trading at Rs. 77.85, up by 2.05 points or 2.70% from its previous closing of Rs. 75.80 on the BSE.

The scrip opened at Rs. 77.10 and has touched a high and low of Rs. 78.30 and Rs. 76.90 respectively. So far 3387 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 97.15 on 04-Aug-2021 and a 52 week low of Rs. 33.60 on 10-Nov-2020.

Last one week high and low of the scrip stood at Rs. 83.05 and Rs. 67.35 respectively. The current market cap of the company is Rs. 253.92 crore.

The promoters holding in the company stood at 52.69 % while Institutions and Non-Institutions held 0.02 % and 47.29 % respectively.

Modison Metals has received approval from board of directors to enter into Memorandum of Understanding (MoU) with Renera and LDrive ((L-Charge) respectively. The MoU is for trading, assembly and manufacturing of Battery Energy Storage System (BESS) and Electric Vehicle (EV) charging infrastructure in India. BESS technology enables energy storage systems for emergency power supply, renewable energy resources and smoothing of load demand on the electricity grid. EV charging infrastructure enables rapid adoption of Electric Vehicles in a seamless manner.

Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.

Modison Share Price

299.00 7.85 (2.70%)
10-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
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Waaree Energies 2922.10
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