Ador Welding is currently trading at Rs. 145.35, up by 5.55 points or 3.97% from its previous closing of Rs. 139.80 on the BSE.
The scrip opened at Rs. 147.30 and has touched a high and low of Rs. 152.15 and Rs. 145.10 respectively. So far 12,702 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.55 on 16-Feb-2012 and a 52 week low of Rs. 121.65 on 29-Mar-2012.
Last one week high and low of the scrip stood at Rs. 144.00 and Rs. 138.00 respectively. The current market cap of the company is Rs. 197 crore.
The promoters holding in the company stood at 56.68% while Institutions and Non-Institutions held 10.95% and 32.36% respectively.
Ador Welding has acquired majority shareholding of about 60% in Plasma Laser Technologies, Israel. Earlier on October 25, 2012, the company had received an approval to invest a sum not exceeding $2 million in an overseas company, for technology absorption / technical know-how, subject to further necessary statutory approvals, if any.
Further, a committee of directors had been formed by the board of directors to negotiate with the overseas company, to finalize the modus operandi / nitty-gritty of the proposed venture / investment, to conclude on the time, mode & form of investment and to enter into contract / agreement in respect of the above mentioned matter with the overseas company.
Ador Welding (AWL) was incorporated in 1951 with an objective to offer finest range of welding consumables and equipment. AWL has also made large investments in project engineering and manufacturing of power generators and alternators
| Company Name | CMP |
|---|---|
| Graphite India | 751.35 |
| HEG | 598.35 |
| Esab india | 6882.90 |
| Ador Welding | 1076.15 |
| GEE | 84.75 |
| View more.. | |
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