Eon Electric is currently trading at Rs. 22.50, up by 1.15 points or 5.39% from its previous closing of Rs. 21.35 on the BSE.
The scrip opened at Rs. 23.00 and has touched a high and low of Rs. 23.50 and Rs. 22.05 respectively. So far 2160 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 69.10 on 03-Oct-2011 and a 52 week low of Rs. 20.30 on 29-Aug-2012.
Last one week high and low of the scrip stood at Rs. 23.50 and Rs. 21.00 respectively. The current market cap of the company is Rs. 36.13 crore.
The promoters holding in the company stood at 49.97% while Institutions and Non-Institutions held 0.02% and 50.02% respectively.
Eon Electric, formerly known as Indo Asian Fusegear, observing the sharply rising need of Lithium Ion Batteries for mobile phones, laptops, cameras and tablets due to its unique quality of high storage power and potential of fast re-charging, has set-up first plant in India for the manufacturing of Lithium Ion Batteries.
The pilot plant for Lithium Ion Batteries has already started production by converting cells into complete batteries at company’s state-of-the-art plant at SIDCUL, Haridwar. With detailed planning, imbibing best technological practices and equipment from Japan, Korea and world class producers of Lithium Ion Batteries in China, the plant looks set on the route to success. Furthermore, the total investment on the project in the first phase is projected to be around Rs 50 crore.
Meanwhile, the first phase of company’s production plant is expected to be in place within the year 2012-13 and will be further upgraded for a variety of new types and sizes of Lithium Ion Batteries, which are most compact in size and more efficient in operation and capable of delivering high current for more hours per day before requiring recharging.
Company’s pilot plant is already producing EON batteries which are being delivered to its customers all over the country through its network of dealers and distributors serviced by sales and marketing teams well established in metros and major towns.
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