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Kirloskar Electric sparkles on entering into JV agreement with Electrodrive Powertrain

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.

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.

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.

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.

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