Sanghvi Movers witnessed a slight surge in its stock price, currently trading at ₹317.55, reflecting a gain of ₹3.10 or 0.99% from its previous close of ₹314.45 on the BSE.

The stock opened at ₹309.35 and hit an intraday high of ₹319.65 and a low of ₹307.00. A total of 17,186 shares have exchanged hands so far.

The BSE 'A' category stock, with a face value of ₹1, recorded a 52-week high of ₹741.50 on May 16, 2024, and a low of ₹302.45 on November 22, 2024. Over the past week, the scrip has traded between ₹336.75 and ₹307.00. The company's current market capitalization stands at ₹2,745.32 crore.

Promoters hold a 47.25% stake in the company, while institutions and non-institutional investors account for 6.59% and 46.16%, respectively.

The company has established a fully owned subsidiary, 'Sanghvi Movers Middle East (LLC),' in Saudi Arabia. This move aims to expand its construction equipment rental and allied services in the region, capitalizing on the growing market demand. The new entity will focus on crane rentals and related operations in Saudi Arabia.

Sanghvi Movers specializes in providing hydraulic and crawler cranes to various infrastructure-related industries.