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Menon Bearings surges on incorporating wholly owned subsidiary

14 Dec 2022 Evaluate

Menon Bearings is currently trading at Rs. 95.50, up by 2.00 points or 2.14% from its previous closing of Rs. 93.50 on the BSE.

The scrip opened at Rs. 96.00 and has touched a high and low of Rs. 96.00 and Rs. 93.50 respectively. So far 4956 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 124.85 on 15-Sep-2022 and a 52 week low of Rs. 67.10 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 96.65 and Rs. 92.65 respectively. The current market cap of the company is Rs. 533.78 crore.

The promoters holding in the company stood at 71.25%, while Institutions and Non-Institutions held 1.85% and 26.90% respectively.

Menon Bearings has incorporated a wholly owned subsidiary on December 12, 2022 namely ‘Menon Brakes’, as a Private Limited Company. The ‘Menon Brakes’ is being incorporated to carry on the business of designing, manufacturing, dealing, trading, importing, exporting, stockists, buying and selling, in India or elsewhere in the world, brake linings, brake shoes and its accessories, rivets, riveted shoes, clutch, clutch tools, clutch facing, axels, brake pads and brake discs, brake rotors, brake lines, brake kits, racing brake fluid, all types of brakes, break system components, etc. and / or to carry out other related activities. The company has subscribed to 8,25,000 equity shares at the face value of Rs 10 each aggregating to Rs 8.25 crore.

Menon Bearings (MBL) manufactures a whole range of bi-metal engine bearings, bushes & thrust washers for light medium & heavy automobile engines, 2 wheeler engines as well as for compressors & for refrigerators & air conditioners.

Menon Bearings Share Price

125.90 -1.95 (-1.53%)
17-Apr-2026 16:59 View Price Chart
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