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Grauer & Weil rises on acquiring stake in Kamtress Automation Systems

05 Jan 2023 Evaluate

Grauer & Weil is currently trading at Rs. 86.65, up by 0.10 points or 0.12% from its previous closing of Rs. 86.55 on the BSE.

The scrip opened at Rs. 85.55 and has touched a high and low of Rs. 87.35 and Rs. 85.55 respectively. So far 8822 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 109.40 on 01-Dec-2022 and a 52 week low of Rs. 47.25 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 90.00 and Rs. 85.55 respectively. The current market cap of the company is Rs. 1974.61 crore.

The promoters holding in the company stood at 69.05%, while Institutions and Non-Institutions held 1.22% and 29.74% respectively.

Grauer & Weil (India) has acquired 1,50,000 Equity shares of Kamtress Automation Systems from Poona Bottling Company. On acquisition of said shares, Kamtress Automation Systems becomes a 100% Subsidiary Company of Grauer & Weil (India). The said acquisition is completed on January 1, 2023.

Earlier, the company had received approval for acquisition of 1,50,000 equity shares of Kamtress Automation Systems from Poona Bottling Company.

Grauer & Weil (India) is engaged in the manufacture of virtually the entire range of metal finishing chemicals, as well as all types of equipment and plating plants made to international specifications and supplied to exacting standards the world over.


Peers
Company Name CMP
Godrej Industries 1106.00
SRF 2499.70
BASF India 3538.00
Pidilite Inds. 1507.55
Tata Chemicals 640.35
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