Mumbai, October 7 (Udaipur Kiran): Shares of Kranti Industries surged nearly 5% on Monday after the company announced the signing of a Memorandum of Understanding (MoU) with KORES Group to set up a Joint Venture (JV) company in Halol, Gujarat.
The stock was trading at ₹87.14, up ₹4.03 or 4.85%, compared to its previous close of ₹83.11 on the BSE. The scrip opened at ₹85.50 and touched an intraday high of ₹87.47 and a low of ₹85.50. Around 3,518 shares were traded on the counter.
The BSE Group ‘B’ stock, with a face value of ₹10, has a 52-week high of ₹119.79 (May 19, 2025) and a 52-week low of ₹59.00 (October 28, 2024). Over the past week, the stock has traded between ₹87.47 and ₹82.52. The company’s market capitalisation currently stands at ₹111.19 crore.
In terms of shareholding, promoters hold 61.93%, while non-institutional investors account for 38.07%.
As per the MoU, Kranti Industries will hold a 35% stake in the proposed JV company, which will focus on the machining of critical casting components. The strategic collaboration with KORES Group aims to expand Kranti’s presence in the precision engineering and automotive component space.
With over two decades of operational experience, Kranti Industries is engaged in the manufacturing and supply of precision machined components, catering to both automotive and non-automotive (off-highway) sectors.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
