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18-Jan2018

Cerebra rises on expanding its E-Waste Recycling business

Cerebra Integrated Technologies is currently trading at Rs. 60.50, up by 1.20 points or 2.02% from its previous closing of Rs. 59.30 on the BSE.

The scrip opened at Rs. 59.70 and has touched a high and low of Rs. 62.20 and Rs. 59.40 respectively. So far 394035 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.90 on 16-Jan-2018 and a 52 week low of Rs. 30.70 on 18-Jan-2017.

Last one week high and low of the scrip stood at Rs. 65.90 and Rs. 43.50 respectively. The current market cap of the company is Rs. 722.32 crore.

The promoters holding in the company stood at 6.05%, while Institutions and Non-Institutions held 5.10% and 88.85% respectively.

Cerebra Integrated Technologies is enhancing its business strategy to strengthen and expand its presence in the world's fastest-growing economy by rigorously promoting E-Waste in expanding its base from Bangalore, Karnataka to the other states of India such as Maharashtra, Gujarat, Tamil Nadu, New Delhi, Andhra Pradesh & Telangana regions through its offices at Mumbai, Pune, Ahmedabad, Surat, Vadodara, Chennai, New Delhi, Vishakapatnam (Vizag) and Hyderabad.

To grow this business to its potential Cerebra E-Waste Recyclers have acquired quite a few big named clients in the IT Industry as their preferred vendor or partner for E-Waste Recycling. Cerebra has also been approaching Government and Public Sector Undertakings (PSU) on similar grounds and approaching them through MSTC and other Government portals by the process of bidding.

Besides, the company has plans to enter in to partnerships with Medical Laboratory Equipment manufacturers for recycling their electronic equipment's that fall under the E-Waste manifest.


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