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Centum Electronics trades higher on the bourses

Centum Electronics is currently trading at Rs. 447.00, up by 25.50 points or 6.05% from its previous closing of Rs. 421.50 on the BSE.

The scrip opened at Rs. 444.00 and has touched a high and low of Rs. 450.35 and Rs. 443.15 respectively. So far 1104 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 575.00 on 01-Jul-2019 and a 52 week low of Rs. 320.55 on 20-Dec-2018.

Last one week high and low of the scrip stood at Rs. 450.35 and Rs. 398.80 respectively. The current market cap of the company is Rs. 543.09 crore.

The promoters holding in the company stood at 58.80%, while Institutions and Non-Institutions held 8.72% and 32.48% respectively.

Centum Electronics has inaugurated new space facility in Yelahanka on September 24, 2019. The Investment in the new brownfield facility is over Rs. 50 crore and will create 250 new jobs in addition to the 700 people already employed in the Space, Defense and Aerospace facility. Centum is a leading Electronics industry partner for ISRO and is involved in the Design, Development, Qualification and productionization of electronic modules, subsystems and systems for multiple applications in Satellites and Launch vehicles.

Centum Electronics is engaged in designing and manufacturing of advanced electronics systems, subsystems, and components. These products cater to various segments such as communications, military, space, automotive and industrial electronics.

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