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Salzer Electronics is currently trading at Rs. 303.90, up by 14.85 points or 5.14% from its previous closing of Rs. 289.05 on the BSE.
The scrip opened at Rs. 291.80 and has touched a high and low of Rs. 305.35 and Rs. 283.85 respectively. So far 18939 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 331.85 on 11-Jan-2023 and a 52 week low of Rs. 148.05 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 318.95 and Rs. 283.85 respectively. The current market cap of the company is Rs. 485.72 crore.
The promoters holding in the company stood at 32.34%, while Institutions and Non-Institutions held 5.77% and 61.89% respectively.
Salzer Electronics has set up a new manufacturing facility at Hosur, Tamil Nadu at an initial investment cost of Rs 15 crore in order to expand the capacity of high demand products like Wire Harness and Toroidal Transformers initially. The investment is through internal accruals.
This new strategically located rented manufacturing facility spread over 8 acres of land which covers area of around 30,000 sq. ft aimed to create additional capacity as well as being closer to its customers. In First Phase the Company will use 15,000 sq. ft and balance in the second phase. The commercial production expected to commence from March 2023.
Creating this facility at Hosur with proximity to presence of large Auto Component Suppliers, Two Wheeler Manufacturing companies, and other world leading manufacturers of electrical products in the region would gain more momentum with quick delivery and improve focus on customer requirement and satisfaction.
Salzer Electronics made its debut in the electrical industry with an aim to design, develop, manufacture and supply CAM operated Rotary Switches, selector switches, Wiring Ducts, Voltmeter Switches and allied products. It is headquartered in Coimbatore, Tamil Nadu.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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