Sundaram Brake Linings shoots up more than 13%

India Infoline News Service | Mumbai | May 11, 2017 12:04 IST

Sundaram Brake Linings, a leading manufacturer of brake linings on Thursday shot up more than 13% on the BSE.

Sundaram Brake Linings, a leading manufacturer of brake linings on Thursday shot up more than 13% on the BSE. It witnessed a spurt in the volume by more than 2.08 times. It is trading up 13.5% at Rs 499.25 per share at 11:50 AM IST.
 
It hit a high of Rs 515 and a low of Rs 435 so far during the day.
 
On the NSE, the stock is trading up 13.1% at Rs 501 per share. The traded volume of the stock is 1,21,185 and the traded value is Rs 601.91 lakhs. The free-float market capitalisation of the company is Rs 59.22 crores.
 
Sundaram Brake Linings Limited is engaged in the manufacture of automotive, non-automotive, railways and industrial friction materials. The company offers products, including brake linings, clutch facings, disc brake pad and others. The company's products are used in commercial vehicles, passenger cars, tractors (agricultural), railways and two wheelers.
 
Stock View:
 
Sundaram Brake Linings Ltd is currently trading at Rs 497, up by Rs 57.45 or 13.07% from its previous closing of Rs 439.55 on the BSE.
 
The scrip opened at Rs 439.05 and has touched a high and low of Rs 515 and Rs 435 respectively. So far 142084(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 172.74 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 568.6 on 19-Sep-2016 and a 52 week low of Rs 235.05 on 24-May-2016. Last one week high and low of the scrip stood at Rs 481.8 and Rs 416 respectively.
 
The promoters holding in the company stood at 65.54 % while Institutions and Non-Institutions held 0.63 % and 33.83 % respectively.
 
The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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