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Hercules Hoists gains on resuming production, distribution facilities at Khalapur

  • bitnet infotech
  • July 21, 2020
  • 5:15 am

Hercules Hoists is currently trading at Rs. 82.65, up by 0.10 points or 0.12% from its previous closing of Rs. 82.55 on the BSE.

The scrip opened at Rs. 82.80 and has touched a high and low of Rs. 83.85 and Rs. 82.65 respectively. So far 1725 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 108.30 on 06-Jan-2020 and a 52 week low of Rs. 47.90 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 86.55 and Rs. 78.05 respectively. The current market cap of the company is Rs. 267.04 crore.

The promoters holding in the company stood at 69.61%, while Non-Institutions held 30.39%.

Hercules Hoists has resumed the production and distribution facilities at Khalapur (Raigad) with restricted movement of manpower. The Company is taking all the necessary steps for ensuring complete sanitization and social distancing norms.

The health, safety and wellbeing of the employees and the community at large are of utmost importance to the Company. The Company continues to closely monitor the situation and shall take appropriate action as per regulatory guidelines.

Hercules Hoists, a part of the Bajaj group, one of the India’s prime business houses was established in 1962 is a manufacturer of material-handling equipment.

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