Lokesh Machines rises on inking pact with Raja Ramanna Centre for Advanced Technology

Lokesh Machines is currently trading at Rs. 116.35, up by 0.50 points or 0.43% from its previous closing of Rs. 115.85 on the BSE.

The scrip opened at Rs. 117.45 and has touched a high and low of Rs. 117.60 and Rs. 116.20 respectively. So far 883 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 145.15 on 05-Sep-2022 and a 52 week low of Rs. 62.20 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 123.70 and Rs. 110.50 respectively. The current market cap of the company is Rs. 207.33 crore.

The promoters holding in the company stood at 53.05%, while Institutions and Non-Institutions held 2.13% and 44.82% respectively.

Lokesh Machines (LML) has entered into an Incubation Agreement with Raja Ramanna Centre for Advanced Technology (RRCAT), Government of India, Department of Atomic Energy (DAE), Indore on February 20, 2023. The aforesaid Agreement is for incubation of Laser Additive Manufacturing System using powder-fed directed energy deposition. RRCAT is a premier R&D organization under the Department of Atomic Energy, Government of India, working in the areas of development and applications of lasers, particle accelerators and related technologies.

Lokesh Machines is an India-based company. The Company has two segments: Machines division and Components division. The company is engaged in the industry of manufacturing of machine tools and auto components. The company’s products include horizontal machining centre (HMC) and vertical machining centre (VML).

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