Salzer Electronics Share Price Soars by 7% on Thursday
On Thursday, Salzer Electronics Limited saw a rapid increase of up to 7% in their share price. Following the news, the company’s shares saw a surge. The company announced in a regulatory filing that they will be setting up a smart meter manufacturing facility in Coimbatore. After this news, the company’s share price reached Rs. 620 on the BSE.
There are hopes of a significant growth in the smart meter business in India. The company believes that there will be a demand for 35 crore smart meters in the next three years. In such a scenario, Salzer Electronics Limited is keeping a close eye on this expanding market.
Over the past month, the company’s share price has increased by more than 45%. Meanwhile, investors who have held onto the shares for 6 months have seen a growth of over 53%. In the past year, the company has doubled the investors’ money, with a 133% increase in share price during that period.
The company’s 52-week high is Rs. 620 per share and the low is Rs. 236 per share on the BSE. The market capitalization of the company is Rs. 1,051.66 crore.
By December 2023, the company has also seen investment from experienced investor Dolly Khanna. She has purchased 174,500 shares, holding a 1% stake in the company.
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