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Dynamatic Technologies shines on disposing its non-core assets for about Rs 28.54 crore

05 Mar 2014 Evaluate

Dynamatic Technologies is currently trading at Rs. 528.95, up by 24.40 points or 4.84 % from its previous closing of Rs. 504.55 on the BSE.

The scrip opened at Rs. 527.00 and has touched a high and low of Rs. 528.95 and Rs. 527.00 respectively. So far 26 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 794.90 on 08-Mar-2013 and a 52 week low of Rs. 465.00 on 27-Aug-2013.

Last one week high and low of the scrip stood at Rs. 547.90 and Rs. 500.00 respectively. The current market cap of the company is Rs. 286.41 crore.

The promoters holding in the company stood at 55.33 % while Institutions and Non-Institutions held 26.19 % and 18.48 % respectively.

Dynamatic Technologies has recently disposed of its non-core assets for about Rs 28.54 crore. The company has taken this step in line with its initiatives to improve its Balance Sheet by reduction of debt. Similar initiatives underway are expected to reduce overall debt of the company by an estimated Rs 120 crore.

Dynamatic Technologies is engaged in the activity of manufacturing hydraulic gear pumps. It is also engaged in manufacturing a variety of advanced hydraulic valves, hydraulic pumping units, custom-made hydraulic solutions, marine power packs, turnkey industrial instrumentation, and complicated aircraft ground-support systems.

Dynamatic Tech Share Price

11883.35 213.45 (1.83%)
24-Apr-2026 10:49 View Price Chart
Peers
Company Name CMP
Kirloskar Brothers 1641.00
KSB 974.35
Shakti Pumps (I) 547.05
Elgi Equipments 550.05
Kirloskar Pneumatic 1344.20
View more..

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