RMC Switchgears is locked its upper circuit limit at Rs. 855.45, up by 16.75 points or 2.00% from its previous closing of Rs. 838.70 on the BSE.
The scrip opened at Rs. 855.45 and has touched a high and low of Rs. 855.45 and Rs. 855.45 respectively. So far 10375 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. 387.00 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 855.45 and Rs. 780.00 respectively. The current market cap of the company is Rs. 902.65 crore.
The promoters holding in the company stood at 52.07%, while Institutions and Non-Institutions held 5.85% and 42.07% respectively.
RMC Switchgears has made further investment of Rs 2.60 crore in RMC Green Energy (Target Company). RMC Green Energy has allotted 26,00,000 Equity Shares of Rs 10 each at par on May 29, 2025. The Target Company is subsidiary and objective of the investment in shares of the subsidiary is for the enhancement of its business.
RMC Switchgears is primarily engaged in the business of ‘Switchgear Engineering’, ‘ECI contracts for power distribution / transmission sector’ and ‘PVC Marble and Sold Surface’.
