Walchandnagar Industries zooms on entering into licensing agreement with DEBEL

Walchandnagar Industries is currently trading at Rs. 77.25, up by 2.25 points or 3.00% from its previous closing of Rs. 75.00 on the BSE.

The scrip opened at Rs. 75.35 and has touched a high and low of Rs. 79.80 and Rs. 75.35 respectively. So far 71049 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 82.35 on 20-May-2021 and a 52 week low of Rs. 36.50 on 01-Jun-2020.

Last one week high and low of the scrip stood at Rs. 80.20 and Rs. 73.70 respectively. The current market cap of the company is Rs. 299.23 crore.

The promoters holding in the company stood at 55.00%, while Institutions and Non-Institutions held 0.26% and 44.74% respectively.

Walchandnagar Industries has entered into licensing agreement for Transfer of Technology (LAToT) with Defence Bio-Engineering and Electromedical Laboratory (DEBEL), Defence Research & Development Organisation (DRDO) for manufacture and supply of Medical Oxygen Plant.

Walchandnagar Industries is a heavy engineering products and EP&C services company, based in Mumbai, India.