Autoline Share Price on 2 August 2024
๐ Autoline Industries Limited is in focus as their shares surged by 12% on Wednesday. The share touched an intraday high of โน148.
๐ The company has received a big order from Tata Motors Passenger Vehicles Limited, driving the share price up. The value of these orders is nearly half of the company’s total market capitalization.
๐ ๏ธ Tata Motors Passenger Vehicles has placed an order for supply of production tools, sheet metal parts, and assembly. The order is expected to be implemented in the third quarter of the financial year 2025.
๐ฐ The annual value of this order is estimated to be โน147 crore. Additionally, the company has also received an order worth โน57 crore for tooling from a subsidiary of Tata Motors.
๐ These deals amount to a total of โน204 crore, which is 50% of the company’s total market capitalization of โน512 crore.
๐ On Friday (2 August 2024), the share was trading at โน144 with a decrease of 2.78%.
๐ Autoline Industries is involved in the manufacturing of auto parts, sheet metal components, silencers, and exhaust systems for passenger cars, SUVs, CVs, two-wheelers, three-wheelers, tractors, and other vehicles.
โฌ๏ธ The share price of Autoline Industries has increased by 9.3% to โน143.75 currently, marking the fourth consecutive day of gains. It was up by 5.7% on Tuesday.
๐ Over the past 12 months, the share price has risen by 77%, reflecting positive growth for the company.
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