Alstom T&D India is currently trading at Rs. 199.30, up by 8.10 points or 4.24% from its previous closing of Rs 191.20 on the BSE.
The scrip opened at Rs 194.35 and has touched a high and low of Rs 202.00 and Rs 194.05 respectively. So far 32783 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 208.00 on 04-Feb-2013 and a 52 week low of Rs 110.00 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs 193.40 and Rs 180.50 respectively. The current market cap of the company is Rs 5095.33 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.62% and 8.38% respectively.
Tata Group realty firm Tata Housing has entered into an agreement with Alstom T&D India to buy its manufacturing unit spread across 20 acres in Bangalore for 120 crores. Tata Housing is planning to launch an ultra-luxury project on this land. The deal is expected to be completed in next three months. Tata Housing is looking at expanding its presence in the fast growing city of Bangalore as part of long term strategy.
Alstom T&D India is part of Alstom Grid, a global player in electrical grids. The company’s India operations account for over 13% of overall revenues garnered by Alstom Grid’s global operations. Apart from India business, other major contributors are the operations in France, the US, Germany and China.
