Sandhar Technologies is currently trading at Rs. 253.95, up by 6.95 points or 2.81% from its previous closing of Rs. 247.00 on the BSE.
The scrip opened at Rs. 244.70 and has touched a high and low of Rs. 255.95 and Rs. 244.70 respectively. So far 2608 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 333.00 on 15-Sep-2021 and a 52 week low of Rs. 175.00 on 23-Apr-2021.
Last one week high and low of the scrip stood at Rs. 255.75 and Rs. 242.50 respectively. The current market cap of the company is Rs. 1530.95 crore.
The promoters holding in the company stood at 70.37%, while Institutions and Non-Institutions held 17.35% and 12.27% respectively.
Sandhar Technologies has entered into Share Purchase agreement (SPA) on December 06, 2021, for purchase of 1,48,23,143 equity shares of its Joint Venture Company namely ‘Sandbar Daewha Automotive Systems’ (JV Company) from the other Joint Venture Partner namely Daewha Fuel Pump Ind. Acquisition of equity shares is to consolidate its business. At present, Sandbar Daewha Automotive Systems is the Joint Venture of the Company. Subsequent to proposed acquisition, the shareholding of the company in Sandbar Daewha Automotive Systems will increases to 100% of the paid up equity share capital.
Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.
