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Technocraft Industries rises on securing B Certification from Poland

22 Jan 2025 Evaluate

Technocraft Industries is currently trading at Rs. 2814.90, up by 6.80 points or 0.24% from its previous closing of Rs. 2808.10 on the BSE.

The scrip opened at Rs. 2793.70 and has touched a high and low of Rs. 2816.05 and Rs. 2788.00 respectively. So far 525 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3939.00 on 23-Aug-2024 and a 52 week low of Rs. 1502.10 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 2861.00 and Rs. 2706.60 respectively. The current market cap of the company is Rs. 6348.38 crore.

The promoters holding in the company stood at 74.75%, while Institutions and Non-Institutions held 7.38% and 17.88% respectively.

Technocraft Industries (India) (TIIL) has received the prestigious B Certification from quality and certification center of Institute of Technology, Poland, which is the Scaffolding Institute in Poland, for its Ringlock Scaffolding System.

TIIL is the first Company outside Europe to have been awarded this Certification. Until now, TIIL was only selling Props in the Polish market but with this B Certificate, it will now be able to sell its Ringlock Scaffolding to customers across Poland. This will lead to an enhancement of the customer base and increase in overall sales both in volume and value.

This Certification will also make it easier and faster for the Company to obtain similar Certifications in neighbouring European countries wherein the Company decides to offer its Ringlock System.

Technocraft Industries (India), the parent company of the Technocraft group, is one of the leading manufacturers of Drum Closure including Title Seal Flanges and Plugs, Tite Seal Gaskets, Tite Seal Leak Locks Plugs, Octagon base Drum Flanges & Auto Closure Systems.

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