07 Nov 2024

Walchandnagar Industries Shares Gain After MoU with IIT Ropar for Defence Innovation

Walchandnagar Industries' stock rose to Rs. 321.00, gaining 5.70 points or 1.81% from its previous close of Rs. 315.30 on the BSE. The stock, which opened at Rs. 310.15, has seen a high of Rs. 332.00 and a low of Rs. 310.15 in today’s trading session, with a total of 23,769 shares traded.

With a market cap of Rs. 1767.56 crore, the BSE group 'B' stock holds a 52-week high of Rs. 438.70 (as of August 1, 2024) and a low of Rs. 168.45 (as of December 21, 2023). In the past week, its high and low have been Rs. 322.00 and Rs. 315.50, respectively. The company’s ownership includes a 31.54% stake by promoters, with 0.61% held by institutions and 67.84% by non-institutions.

On November 4, 2024, Walchandnagar Industries signed an MoU with the Indian Institute of Technology (IIT) Ropar to collaborate on research and development initiatives aimed at advancing defence and aerospace technology. This partnership aims to foster innovation and indigenous solutions in armament technology, supporting India’s Atmanirbhar Bharat and Make in India visions. 

Walchandnagar Industries, known for its high-tech manufacturing and global presence, holds an ISO 9001: 2015 certification and has established itself as a leader across its diverse business segments.