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22-Feb2019

Elgi Equipments surges on launching direct drive reciprocating air compressor

Elgi Equipments is currently trading at Rs. 252.00, up by 4.90 points or 1.98% from its previous closing of Rs. 247.10 on the BSE.

The scrip opened at Rs. 251.75 and has touched a high and low of Rs. 252.00 and Rs. 251.75 respectively. So far 100 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 318.00 on 26-Feb-2018 and a 52 week low of Rs. 218.50 on 06-Dec-2018.

Last one week high and low of the scrip stood at Rs. 256.55 and Rs. 236.50 respectively. The current market cap of the company is Rs. 3993.05 crore.

The promoters holding in the company stood at 31.90%, while Institutions and Non-Institutions held 27.44% and 40.66% respectively.

Elgi Equipments has launched its direct drive reciprocating air compressor. The Direct Drive Piston compressors offer superior performance through unique integrated design of motor and top block, each component designed for reliability and ease of maintenance which makes it a great investment for any user.

Various benefits included longer life of piston and piston rings owing to lower piston speed and precise tolerance and effective transmission. Unlike the conventional belt-driven compressors, these compressors are compact, silent and run for longer duty and best suited for applications in various industrial segments such as general engineering, automotive and textiles.

Elgi Equipments is a holding company and an air compressor manufacturer. The company's segments include Compressors, Automotive Equipments and Others.


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