Sunday , October 17 2021

Lakshmi Machine Works jumps on commencing assembly of machine tools at Coimbatore facility

Lakshmi Machine Works is currently trading at Rs. 3900.00, up by 54.75 points or 1.42% from its previous closing of Rs. 3845.25 on the BSE.

The scrip opened at Rs. 3930.00 and has touched a high and low of Rs. 3974.00 and Rs. 3900.00 respectively.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 6431.40 on 08-Mar-2019 and a 52 week low of Rs. 3147.25 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 3974.00 and Rs. 3600.00 respectively. The current market cap of the company is Rs. 4178.07 crore.

The promoters holding in the company stood at 30.91%, while Institutions and Non-Institutions held 22.72% and 46.37% respectively.

Lakshmi Machine Works has commenced the assembly of Machine Tools at its Machine Tool Division facility located in Coimbatore in the state of Tamil Nadu, for DMG Mori Company, Japan and supply the same to Mori Seiki India. The company has commenced the assembly of Machine Tools on October 29, 2019.

Lakshmi Machine Works is one among the three manufacturers of the entire range of Textile Machinery. LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customized products.

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