ECE Industries is currently trading at Rs 119.70, up by 2.80 points or 2.40% from its previous closing of Rs 116.90 on the BSE.
The scrip opened at Rs 115.00 and has touched a high and low of Rs 120.00 and Rs 115.00 respectively. So far 699 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 148.80 on 14-Mar-2012 and a 52 week low of Rs 96.50 on 12-Nov-2012.
Last one week high and low of the scrip stood at Rs 119.00 and Rs 115.00 respectively. The current market cap of the company is Rs 93.16 crore.
The promoters holding in the company stood at 52.58% while Institutions and Non-Institutions held 4.41% and 43.01% respectively.
ECE Industries has curtailed operations at company’s Sonepat Transformer unit to bare minimum due to un-remunerative prices and abnormally delayed payments from Electricity Boards due to their financial crunch. The company has also sizably curtailed its work force at Sonepat unit to restrict losses.
ECE Industries is in the business of manufacture of transformers catering to state utilities and industrial consumers. Apart from that the company is also present in the manufacturing of elevators. It currently has manufacturing units located at Sonepat.
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