Ingersoll Rand surges on plan to introduce nano houses

05 Sep 2013

Ingersoll-Rand (India) is currently trading at Rs. 309.00, up by 2.10 points or 0.68% from its previous closing of Rs. 306.90 on the BSE.

The scrip opened at Rs. 306.90 and has touched a high and low of Rs. 311.35 and Rs. 306.90 respectively. So far 356 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 514.90 on 09-Oct-2012 and a 52 week low of Rs. 301.00 on 03-Sep-2013.

Last one week high and low of the scrip stood at Rs. 325.10 and Rs. 301.00 respectively. The current market cap of the company is Rs. 969.45 crore.

The promoters holding in the company stood at 74.00% while Institutions and Non-Institutions held 7.80% and 18.21% respectively.

Ingersoll Rand is in process to develop new concept called “Nano-like” for houses that will be small, affordable and sustainable. It is building houses where the convergence concept comes to fruition. The company will be developing the 250 sq ft homes that will be designed for five different climatic zones will typically be priced at Rs 2 lakh each.

The industrial technology major aims to introduce these homes for public viewing within a year. It will embed multiple technologies on each single-floor, which includes use of cloud computing for knowledge needs, use of solar or biomass for energy.

Related Ingersoll-Rand (India) Ltd. Links:

Ingersoll Rand Share Price

618.90 7.20 (1.18%) Nov 15, 18:01
1 Year Price Chart
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Sensex vs Ingersoll Rand
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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