Stone India sky-rockets on executing MoU with Voith Turbo Scharfenberg

05 Dec 2011 Evaluate

Stone India is currently trading at Rs. 29.60, up by 3.10 points or 11.70% from its previous closing of Rs. 26.50 on the BSE.

The scrip opened at Rs. 26.40 and has touched a high and low of Rs. 30.50 and Rs. 25.90 respectively. So far 49991 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.00 on 03-Jan-2011 and a 52 week low of Rs. 23.20 on 25-Oct-2011.

Last one week high and low of the scrip stood at Rs. 30.50 and Rs. 24.05 respectively. The current market cap of the company is Rs. 20.13 crore.

The promoters holding in the company stood at 31.45% while Institutions and Non-Institutions held 1.41% and 67.15% respectively. 

Stone India has executed a Memorandum of Understanding (MoU) with Voith Turbo Scharfenberg GmbH & Co, KG, Germany for Indian railways coupler business.

Stone India, a multi-product engineering company located in Kolkata, has been serving the Indian rail road industry for over seven decades. A pioneer in brake systems and train lighting alternators is the undisputed leader in locomotive brake systems and has a wide range of mechanical and electrical products for the rail road industry.

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