AIA Engineering is currently trading at Rs. 463.05, up by 1.50 points or 0.32% from its previous closing of Rs. 461.55 on the BSE.
The scrip opened at Rs. 462.35 and has touched a high and low of Rs. 477.60 and Rs. 461.05 respectively. So far 2709 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 484.00 on 16-Dec-2013 and a 52 week low of Rs. 275.00 on 24-May-2013.
Last one week high and low of the scrip stood at Rs. 484.00 and Rs. 443.00 respectively. The current market cap of the company is Rs. 4422.21 crore.
The promoters holding in the company stood at 61.65% while Institutions and Non-Institutions held 33.22% and 5.13% respectively.
AIA Engineering has entered into settlement agreement with Magotteaux International (MI) Belgium, to avoid uncertainty of the outcome of further litigation and legal and other expense including of the current ongoing litigation and to resolve the dispute amicably and avoid further damages and litigation costs.
Further the Company has informed that, pursuant to the said Settlement Agreement entered into with MI, the Company has paid $6.00 million on December 16, 2013 to MI in consideration of the dismissal of the litigation and mutual release from claims among the parties.
Earlier, as on September 19, 2013 wherein the Company had informed that in a Patent infringement action between Magotteaux International (MI) Belgium and the Company, involving Sintercast products in USA, the United States District Court had passed a judgement awarding damages of approximately $7.2 Million.
AIA Engineering is engaged in business of designing, developing, manufacturing, installing and servicing of high chromium wear, corrosion and abrasion resistant parts. These products are mainly used by cement, mining and thermal power generation industries.
| Company Name | CMP |
|---|---|
| Electrost Castings | 171.00 |
| AIA Engineering | 3748.00 |
| Kirloskar Ferrous | 697.00 |
| Nelcast | 141.90 |
| Alicon Castalloy | 982.70 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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