Endurance Technologies gains on commencing commercial production at Tamil Nadu plant

03 Feb 2021 Evaluate

Endurance Technologies is currently trading at Rs. 1399.10, up by 29.30 points or 2.14% from its previous closing of Rs. 1369.80 on the BSE.

The scrip opened at Rs. 1369.00 and has touched a high and low of Rs. 1402.00 and Rs. 1363.90 respectively. So far 2655 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1464.70 on 07-Jan-2021 and a 52 week low of Rs. 562.00 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1416.40 and Rs. 1350.40 respectively. The current market cap of the company is Rs. 19678.73 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 23.41% and 1.59% respectively.

Endurance Technologies has commenced commercial production at the Company’s new plant situated at SIPCOT Industrial Park, Vallam Vadagal Scheme, Village Vallam, Sriperumbudur, Tamil Nadu, February 02, 2021. The plant will manufacture aluminium die-castings and carry out integration of disc brake components with control brake modulators.

The plant has an annual installed capacity to manufacture 9,000 metric tonnes of aluminium die-casting components for application in two and four wheelers and the required infrastructure for machining of such castings, and to integrate 720,000 sets of disc brake components for application in two wheelers. Integration of disc brake components with control brake modulators has commenced on February 02, 2021 and production of aluminium die-casting components is targeted to commence from February 15, 2021.

Endurance Technologies manufactures aluminium casting (including alloy wheels), suspension, transmission and braking products. The company’s products include aluminium casting, which offers high pressure die castings, low pressure die castings, gravity die castings etc.

Endurance Tech Share Price

2408.05 -17.55 (-0.72%)
08-Nov-2024 11:18 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 178.35
TVS Holdings 12349.70
Bosch 35220.00
UNO Minda 943.35
Endurance Tech 2408.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.