Wendt (India) is currently trading at RS 9,130.00, up by 135.45 points or 1.51% from its previous closing of RS 8,994.55 on the BSE. The stock opened at RS 8,890.00 and has reached a high of RS 9,310.00 and a low of RS 8,890.00 during the trading session.
This BSE group 'B' stock, with a face value of RS 10, achieved a 52-week high of RS 18,000.00 on December 11, 2024, and a 52-week low of RS 8,812.00 on March 3, 2025. Over the past week, the stock's high and low stood at RS 10,090.65 and RS 8,812.00, respectively. The company's current market capitalization is RS 1,798.91 crore.
The company's shareholding pattern includes a 75.00% stake held by promoters, while institutions and non-institutions hold 6.77% and 18.24%, respectively.
In a strategic move to enhance its European business prospects, Wendt (India) has received approval to establish a wholly owned subsidiary in Germany. This initiative aims to diversify the company's geographic presence and offer services tailored to machine-building and super abrasive customers in Europe.
The subsidiary is expected to be incorporated within three months, with the investment to be completed within two years in one or more tranches. The Board of Directors approved this plan during their meeting on March 3, 2025.
Wendt (India) is renowned for its diverse product portfolio, innovative strategies, robust product development, personalized technical services, and providing technology solutions in grinding to its domestic market customers.