Kirloskar Electric sparkles on entering into JV agreement with Electrodrive Powertrain

by

Kirloskar Electric Company is currently trading at Rs. 8.16, up by 0.15 points or 1.87% from its previous closing of Rs. 8.01 on the BSE.

The scrip opened at Rs. 8.01 and has touched a high and low of Rs. 8.62 and Rs. 8.01 respectively. So far 3481 shares were traded on the counter.

You Can Also Read This  Mahindra Finance jumps after its Quiklyz inks MoU with five Last Mile Mobility players

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 24.65 on 09-Jan-2019 and a 52 week low of Rs. 6.70 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 8.72 and Rs. 7.80 respectively. The current market cap of the company is Rs. 53.20 crore.

You Can Also Read This  Trident reports 12,440 metric tons of paper production in February

The promoters holding in the company stood at 49.50%, while Institutions and Non-Institutions held 5.97% and 44.53% respectively.

Kirloskar Electric Company has entered into a Joint Venture (JV) Agreement with Electrodrive Powertrain Solutions for design and development, sales and supply of electric motors to be used for all types of electric vehicles.

You Can Also Read This  ISA to showcase state of the art, next generation technologies at the First World Solar Technology Summit next month

Kirloskar Electric Company (KEC) is one of the India’s leading manufacturers of electrical and power equipment. The company was established in 1946 by Ravi L Kirloskar.