Sandhar Technologies zooms on applying under PLI Scheme for automobile and auto components

Sandhar Technologies is currently trading at Rs. 262.90, up by 7.00 points or 2.74% from its previous closing of Rs. 255.90 on the BSE.

The scrip opened at Rs. 264.50 and has touched a high and low of Rs. 269.05 and Rs. 261.40 respectively. So far 4650 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 333.00 on 15-Sep-2021 and a 52 week low of Rs. 175.00 on 23-Apr-2021.

Last one week high and low of the scrip stood at Rs. 269.05 and Rs. 253.05 respectively. The current market cap of the company is Rs. 1582.41 crore.

The promoters holding in the company stood at 70.37%, while Institutions and Non-Institutions held 17.35% and 12.27% respectively.

Sandhar Technologies has applied under the Production Linked Incentive (PLI) Scheme for Automobile and Auto components of the Ministry of Heavy Industries, Government of India. This will enable the Company to manufacture and undertake Advanced Automotive Technology products for new age Electric Vehicles and provide more efficient and green automotive manufacturing and increase employment opportunities in the automotive manufacturing chain. Electric Vehicles shall help in reducing the carbon emissions leading to greener and eco-friendly Planet.

Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.

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