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Kabra Extrusiontechnik soars as its battery division acquires 100% stake in Varos Technology

14 Mar 2022 Evaluate

Kabra Extrusiontechnik is currently trading at Rs. 491.55, up by 6.25 points or 1.29% from its previous closing of Rs. 485.30 on the BSE.

The scrip opened at Rs. 478.00 and has touched a high and low of Rs. 506.95 and Rs. 475.60 respectively. So far 17089 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 566.40 on 20-Jan-2022 and a 52 week low of Rs. 152.25 on 12-Mar-2021.

Last one week high and low of the scrip stood at Rs. 506.95 and Rs. 413.00 respectively. The current market cap of the company is Rs. 1570.23 crore.

The promoters holding in the company stood at 60.22%, while Institutions and Non-Institutions held 0.96% and 38.82% respectively.

Kabra Extrusiontechnik’s battery division -- Battrixx has acquired 100 per cent stake in Pune-based Varos Technology pioneers in developing and leveraging IOT tools for EV infrastructure and battery management systems.

To facilitate its continuous growth in the overall segment and create a synergy between Battrixx products and services, Varos Technology will anchor its capabilities to develop end-to-end Battery Management Systems by leveraging cloud-based Artificial Intelligence (AI) driven analytic tools to help predict battery life and monitor battery performance. The Machine Learning (ML) algorithms will provide constant inputs in adjusting and improving battery performance.

Kabra Extrusiontechnik (KET), a part of Kolsite group is a leading manufacturer of Plastic extrusion machinery in India. KET offers a wide range of hi-tech single and twin screw extrusion lines for pipes, profiles, pellets, teleduct and mono & multilayer blown films plants.

Kabra Extrus.technik Share Price

241.00 -3.65 (-1.49%)
17-Apr-2026 16:59 View Price Chart
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