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Birla Precision jumps on getting nod to acquire 2,89,018 equity shares of Kores (India)

20 Mar 2024 Evaluate

Birla Precision Technologies is currently trading at Rs. 59.48, up by 0.63 points or 1.07% from its previous closing of Rs. 58.85 on the BSE.

The scrip opened at Rs. 60.00 and has touched a high and low of Rs. 60.00 and Rs. 56.66 respectively. So far 35042 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 2 has touched a 52 week high of Rs. 76.69 on 19-Feb-2024 and a 52 week low of Rs. 28.20 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 61.39 and Rs. 52.96 respectively. The current market cap of the company is Rs. 385.10 crore.

The promoters holding in the company stood at 59.84%, while Institutions and Non-Institutions held 0.02% and 40.14% respectively.

Birla Precision Technologies has received approval to acquire 2,89,018 equity shares of Kores (India) from Yash Society, a charitable trust, part of the Promoter Group of the Company. The acquisition will be completed within 15 days. The cost of acquisition will be around Rs 15 crore. 

The investment aligns inter alia with the growth objectives and positions it for sustainable success in a dynamic market environment. The Board of Directors of the Company at their meeting held on March 19, 2024, has approved the same. 

Birla Precision Technologies is engaged in the manufacturing and selling of Machine Tool Accessories, Tools, Precision / Automotive Components and Castings.  


Birla Precision Tech Share Price

34.74 0.05 (0.14%)
16-Apr-2026 11:22 View Price Chart
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