SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Delta Manufacturing surges on incorporating wholly owned subsidiary

03 May 2024 Evaluate

Delta Manufacturing is currently trading at Rs. 105.00, up by 1.90 points or 1.84% from its previous closing of Rs. 103.10 on the BSE.

The scrip opened at Rs. 107.90 and has touched a high and low of Rs. 108.00 and Rs. 105.00 respectively. So far 1755 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 132.12 on 04-Mar-2024 and a 52 week low of Rs. 71.25 on 19-May-2023.

Last one week high and low of the scrip stood at Rs. 108.00 and Rs. 102.00 respectively. The current market cap of the company is Rs. 115.24 crore.

The promoters holding in the company stood at 72.12%, while Institutions and Non-Institutions held 0.08% and 27.80% respectively.

Delta Manufacturing has incorporated wholly owned subsidiary namely ‘MMG Ferrites’(MFPL). MFPL will undertake business as manufacturers and dealers in Soft Ferrite, Electronic instruments, Electronic and Electric Equipment, Electronic Components, Magnetic Tapes etc.
MFPL is intended to be the joint venture company between PREMO, S.L. and the Company to undertake the aforesaid business. The cost of acquisition is Rs 10 lakh for acquiring 1,00,000 equity shares at a face value of Rs 10. 

Delta Manufacturing is a leading hard ferrite magnet (Anisotropic & Isotropic) manufacturer based in India.


Delta Manufacturing Share Price

62.11 -0.64 (-1.02%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1300.30
Siemens 3709.60
Apar Inds 11977.10
ABB India 7155.70
Waaree Energies 3487.20
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:

×