SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Isgec Heavy Engineering surges on getting nod for additional equity infusion in joint venture

15 Nov 2023 Evaluate

ISGEC Heavy Engineering is currently trading at Rs. 792.45, up by 30.35 points or 3.98% from its previous closing of Rs. 762.10 on the BSE.

The scrip opened at Rs. 788.05 and has touched a high and low of Rs. 805.10 and Rs. 788.25 respectively. So far 1470 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 830.70 on 11-Sep-2023 and a 52 week low of Rs. 418.25 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 805.10 and Rs. 730.00 respectively. The current market cap of the company is Rs. 5603.68 crore.

The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 11.80% and 25.76% respectively.

Isgec Heavy Engineering has received approval for additional equity infusion up to Rs.255 lakh in the equity capital of Isgec Titan Metal Fabricators, joint venture and subsidiary of the company, in order to meet the funds requirement for expansion of manufacturing facility. The said transaction is expected to be completed upto March 31, 2023.

Isgec Titan will continue to be a joint venture and subsidiary of the company. Post allotment, percentage of shareholding of the company in Isgec Titan will remain the same i.e, 51%. The Board of Directors of the company at its Meeting held on November 14, 2023 has inter-alia, considered and approved the same. 

Isgec Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.


ISGEC Heavy Engg. Share Price

1047.00 4.60 (0.44%)
20-Apr-2026 10:47 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4084.55
Rail Vikas Nigam 300.30
NCC 160.50
KEC International 564.00
Kalpataru Projects 1232.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×