Monday 27 January 2014

Bharat Gears gains on commencing trail production at Lonand Plant

Bharat Gears is currently trading at Rs. 53.50, up by 1.60 points or 3.08% from its previous closing of Rs. 51.90 on the BSE.

The scrip opened at Rs. 53.85 and has touched a high and low of Rs. 53.85 and Rs. 52.95 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.85 on 27-Jan-2014 and a 52 week low of Rs. 23.25 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 53.85 and Rs. 40.50 respectively. The current market cap of the company is Rs. 41.00 crore.

The promoters holding in the company stood at 52.98% while Institutions and Non-Institutions held 0.07% and 46.95% respectively.

Bharat Gears’ Lonand Plant at Satara has become operational as the trail production has started in the quarter ended December, 2013. The Company is awaiting some regulatory approvals to start the commercial production at the Lonand Plant.

Bharat Gears manufactures a wide range of gears for HCV, MCV, LCV, utility and off-highway vehicles. The products includes bevel, straight bevel and transmission gears.

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