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Suprajit Engineering soars as its arm sets up wholly owned subsidiary in Canada

12 Jun 2024 Evaluate

Suprajit Engineering is currently trading at Rs. 505.00, up by 14.95 points or 3.05% from its previous closing of Rs. 490.05 on the BSE.

The scrip opened at Rs. 498.45 and has touched a high and low of Rs. 511.90 and Rs. 493.60 respectively. So far 108427 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 511.90 on 12-Jun-2024 and a 52 week low of Rs. 353.25 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 511.90 and Rs. 452.65 respectively. The current market cap of the company is Rs. 6992.98 crore.

The promoters holding in the company stood at 44.61%, while Institutions and Non-Institutions held 22.30% and 33.09% respectively.

Suprajit Engineering’s wholly owned subsidiary -- Suprajit USA Inc has set up its wholly owned subsidiary in Canada by name ‘Suprajit Canada’ for the acquisition of the business of Stahlschmidt Cable Systems (SCS).  

Suprajit Engineering is engaged in the business of manufacturing and selling of automotive and other components and that are considered as single segment.


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