On Thursday, HIM Teknoforge’s share price closed at Rs 176, showing a 20% surge. The company witnessed strong buying in its shares during yesterday’s trading session. Reya Enterprise, an investment firm led by market veteran Rakesh Jhunjhunwala, has purchased a 1% stake in HIM Teknoforge through a block deal worth Rs 96.3 lakh. As a result, the stock of Teknoforge is gaining momentum. On Friday, December 1, 2023, the share price of HIM Teknoforge was trading at Rs 181.95, with a 3.38% increase. According to Rare Enterprise, there is no connection between Jhunjhunwala’s family-owned Reya Enterprise and any other company from the group. After this information was published on the official website of BSE, Rare Enterprise purchased 90,006 equity shares of HIM Teknoforge at a price of Rs 107 per share on November 29, 2023, through a block deal, spending Rs 96.3 lakh on the investment. Investors expect a 90% return on their investment in HIM Teknoforge shares in 2023. The company’s shares have witnessed a 51.3% surge in the past month. HIM Teknoforge has a total market capitalization of Rs 137 crore. The company is involved in the manufacturing of various quality forging and components such as gear axles and repair kits. It was established in 1973 and is engaged in the production, sale, distribution, and marketing of automotive, non-automotive, and engineering components.
In summary, HIM Teknoforge’s share price saw a 20% increase on Thursday, with strong buying observed. Reya Enterprise, led by Rakesh Jhunjhunwala, purchased a 1% stake in the company through a block deal worth Rs 96.3 lakh. The stock of Teknoforge has been experiencing a steady rise, with a 3.38% increase in share price on Friday. Rare Enterprise clarified that it has no connection with Jhunjhunwala’s family-owned firm or any other company from the group. The company’s shares have witnessed a significant surge of 51.3% in the past month. HIM Teknoforge is involved in the manufacturing and distribution of various high-quality forging and components.
HIM Teknoforge Share Price on 2nd December 2023:
1. The share price of HIM Teknoforge closed at INR 176 with a 20% increase during Thursday’s trading session.
2. The company witnessed strong buying in its shares on Wednesday.
3. Rare Enterprise, an investment firm of Rekha Jhunjhunwala, purchased a 1% stake in HIM Teknoforge under a block deal worth INR 96.3 lakhs.
4. As a result, HIM Teknoforge stock is experiencing a steady rise.
5. On Friday, 1st December 2023, the share price of HIM Teknoforge was trading at INR 181.95, with a 3.38% increase.
6. It is important to note that Rare Enterprise has no affiliation with the Jhunjhunwala family or any other company associated with them.
7. After the official publication of this information on the BSE website, Rare Enterprise bought 90,006 equity shares of HIM Teknoforge at a price of INR 107 per share.
8. Rare Enterprise has spent INR 96.3 lakhs on this investment.
9. Investors are expecting a 90% return from HIM Teknoforge shares in 2023.
10. The company’s shares have seen a 51.3% increase in the past month.
11. HIM Teknoforge has a total market capitalization of INR 137 crores.
12. HIM Teknoforge is involved in the manufacturing of various quality forging and components, such as gear axles and repair kits.
13. The company was established in 1973.
14. The company is engaged in the manufacturing, sales, distribution, and marketing of motor vehicles, non-motor vehicles, and engineering components.
People Can Find This Information Useful for: HIM Teknoforge, share price, company, business session, HIM Teknoforge company, growth, closing price, share market, Rekha Jhunjhunwala, investment, Rare Enterprise, block deal, BSE, official website, equity shares, return, forging components, business, motor vehicle, non-motor vehicle, engineering components, manufacturing, sales, distribution, marketing, market capitalization, gears, axle, repair kit, quality, establishment, motor vehicle industry, engineering components industry, sales, distribution, marketing.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
