/ Subros Trades On New 52-Week High As It Starts Supply To SMG ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 13 February 2017

Subros traded on its new 52-week high of Rs 203.25 as it started supply to Suzuki Motor Gujarat Private Limited.  The company is the leading manufacturer of thermal products for automotive applications in the country, and is the key supplier to Maruti Suzuki for their Gurugram and Manesar plants.

The stock is a multi-bagger and in the last one year has surged over 149.44%, trading with a P/E of 78.16, thereby outperforming the BSE Small-cap index and the Auto index.

Sundaram, DSP BlackRock, UTI and Sahara Mutual Fund are the four fund houses which have invested in the stock of the company. Subros Ltd is currently trading at Rs 195, up by Rs 5.45 or 2.88% from its previous closing of Rs 189.55 on the BSE.

The scrip opened at Rs 190.75 and has touched a high and low of Rs 203.25 and Rs 190.75 respectively. So far 195842(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1137.08 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 194.95 on 03-Feb-2017 and a 52 week low of Rs 73.2 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 192.35 and Rs 184.65 respectively.

The promoters holding in the company stood at 40.01 % while Institutions and Non-Institutions held 5.49 % and 54.5 % respectively. The stock is currently trading above its 50 DMA.

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