RMC Switchgears is currently trading at Rs. 970.00, up by 20.70 points or 2.18% from its previous closing of Rs. 949.30 on the BSE.
The scrip opened at Rs. 954.95 and has touched a high and low of Rs. 980.00 and Rs. 925.00 respectively. So far 5875 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1214.00 on 18-Dec-2024 and a 52 week low of Rs. 379.05 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1023.00 and Rs. 900.00 respectively. The current market cap of the company is Rs. 1023.52 crore.
The promoters holding in the company stood at 52.93%, while Institutions and Non-Institutions held 4.29% and 42.78% respectively.
RMC Switchgears has received a work order of Rs 108.05 crore from the Private Contractor for Development of Distribution Infrastructure Work for 11 KV UG Cable, & RMU System in some Districts of Gujarat State. The said order is expected to be executed by December 31, 2025.
These orders reaffirm the confidence that the company’s clients place in RMC Switchgears and highlighted its continued growth trajectory in the electrical infrastructure sector. The execution of these orders will further strengthen its revenue stream and enhance its market position.
RMC Switchgears is primarily engaged in the business of ‘Switchgear Engineering’, ‘ECI contracts for power distribution / transmission sector’ and ‘PVC Marble and Sold Surface’.
