Alfa Transformers gains on plans to transfer assets of factory unit at Vadodara to its WOS

Alfa Transformers is currently trading at Rs. 16.70, up by 0.70 points or 4.38 % from its previous closing of Rs. 16.00 on the BSE. The scrip opened at Rs. 16.70 and has touched a high and low of Rs. 16.70 and Rs. 16.70 respectively. So far 450 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.00 on 12-Jul-2013 and a 52 week low of Rs. 12.00 on 20-Jan-2014. Last one week high and low of the scrip stood at Rs. 16.00 and Rs. 14.20 respectively. The current market cap of the company is Rs. 8.58 crore. The promoters holding in the company stood at 50.85 % while Non-Institutions held 49.15% of the stake. Alfa Transformers’ board of directors at its meeting held on May 27, 2014 has agreed on the proposal to transfer the assets of factory unit at plot No: 1046, 1047&1048 GIDC Estate Waghodia, Vadodara, and Gujarat - 391760 to a wholly owned subsidiary company of Alfa Transformers for better management & operation. Alfa Transformers produces Electrical Distribution & Power Transformers ranging from 10KVA, 12KV Class to Transformers of 10 MVA, 36 KV Class.