Harsha Engineers International rises on incorporating wholly owned subsidiary

Harsha Engineers International is currently trading at Rs. 335.05, up by 3.80 points or 1.15 % from its previous closing of Rs. 331.25 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 336.15 and Rs. 329.15 respectively. So far 9360 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 527.60 on 26-Sep-2022 and a 52 week low of Rs. 320.00 on 27-Feb-2023.

Last one week high and low of the scrip stood at Rs. 348.00 and Rs. 328.05 respectively. The current market cap of the company is Rs. 3049.52 crore.

The promoters holding in the company stood at 74.61%, while Institutions and Non-Institutions held 15.13% and 10.26% respectively.

Harsha Engineers International has incorporated wholly owned subsidiary (WOS) in the name of ‘Harsha Engineers Advantek’ on March 14, 2023 and the certificate of incorporation received on March 15, 2023.

Harsha Engineers International is the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world. It offers diversified suite of precision engineering products across geographies and end-user industries.

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