Remsons Industries is currently trading at Rs. 972.00, up by 10.30 points or 1.07% from its previous closing of Rs. 961.70 on the BSE.
The scrip opened at Rs. 972.00 and has touched a high and low of Rs. 972.00 and Rs. 962.00 respectively. So far 125 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1104.95 on 02-Mar-2024 and a 52 week low of Rs. 219.20 on 04-Jul-2023.
Last one week high and low of the scrip stood at Rs. 985.50 and Rs. 896.60 respectively. The current market cap of the company is Rs. 678.04 crore.
The promoters holding in the company stood at 65.30%, while Institutions and Non-Institutions held 3.14% and 31.56% respectively.
Remsons Industries’ subsidiary -- Remsons-Uni Autonics (RUAPL) has secured a letter of intent (LoI) for a prestigious contract, marking a significant milestone in its journey toward continued growth and expansion. The total value of the order is Rs 30 crore. The order is for the supply of sensors to be executed over a period of 3 years.
After a rigorous selection process, RUAPL emerged earning the trust and confidence of a leading Tier 1 Supplier to the Auto Industry. This esteemed partnership reflects RUAPL's unwavering commitment to excellence, innovation, and customer satisfaction.
The awarded contract not only signifies a significant win for RUAPL just post the acquisition but also underscores its reputation for delivering high-quality services/products and fostering long-term relationships with customers. With all new business opportunities, RUAPL is poised to strengthen its market presence and leverage Remsons’ long-standing relationships with OEMs in this ever-evolving landscape of Sensors.
Remsons Industries is an OEM Manufacturer supplying to two, three, four wheelers all over India and exports globally.
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