/ Subros Gallops Nearly 10% Reopens Manesar Plant ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 30 March 2017

Subros Ltd.'s stock is surging up by nearly 10% on BSE, as markets are nearing lunch hours, since the auto component maker has reopened its Manesar plant after a major fire accident in May 2016.

Subros provides air conditioning compressors to Maruti Suzuki. Besides its plant at Manesar, Subros has manufacturing units at Noida, Pune, Chennai and Sanand with an annual capacity of 1.5 million AC Kits per annum. It also has a well equipped R&D Centre and Tool Room at Noida. 

Subros Limited, founded in 1985, is the leading manufacturer of thermal products for automotive applications in the country. It has technical collaboration with Denso Corporation, Japan. BSE Auto Index is gaining in trade, up by 33 points or 0.15% at 21955 levels.

Subros Ltd is currently trading at Rs 213.35, up by Rs 17.95 or 9.19% from its previous closing of Rs 195.4 on the BSE.

The scrip opened at Rs 197.95 and has touched a high and low of Rs 218.9 and Rs 197.5 respectively. So far 429159(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1172.18 crore.

The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 205.9 on 20-Feb-2017 and a 52 week low of Rs 77.5 on 30-May-2016. Last one week high and low of the scrip stood at Rs 201.3 and Rs 184.75 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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