Power & Instrumentation (Gujarat) is trading at its highest limit of Rs. 117.35, a rise of 2.30 points or 2.00% from its previous close of Rs. 115.05 on the BSE.

The stock opened at Rs. 117.35, hitting a high and low of Rs. 117.35 during the session. A total of 33,151 shares have been traded so far.

This BSE 'T' group stock, with a face value of Rs. 10, has reached a 52-week high of Rs. 117.35 on August 2, 2024, and a 52-week low of Rs. 36.53 on September 13, 2023.

Over the past week, the stock's high and low stood at Rs. 117.35 and Rs. 105.33, respectively. The company's current market capitalization is Rs. 148.26 crore.

The company's promoters hold 52.09% of the shares, while non-institutional investors hold 47.91%.

Power & Instrumentation (Gujarat) plans to acquire a controlling stake in Peaton Electricals Company (PECL), making PECL its subsidiary. The acquisition will be based on PECL's valuation, with the terms outlined in a share purchase agreement.

This strategic acquisition aims to facilitate backward integration, boosting the company's revenue and margins. Currently, Power & Instrumentation (Gujarat) holds a 15.23% stake in PECL and plans to increase this to 60% within 18 months.

Power & Instrumentation (Gujarat) offers a range of services in Electrical, Mechanical, and Instrumentation Engineering, providing turnkey solutions from design to maintenance.