Salzer Electronics is trading at RS 899.70, up by 33.90 points or 3.92% from its previous close of RS 865.80 on the BSE. The stock opened at RS 850.00 and has touched a high of RS 943.75 and a low of RS 850.00. A total of 20,220 shares have been traded so far.

The BSE group 'B' stock, with a face value of RS 10, recorded a 52-week high of RS 1650.00 on 20-Dec-2024 and a 52-week low of RS 637.85 on 14-Mar-2024. Over the past week, the stock’s high and low stood at RS 971.95 and RS 834.00, respectively. The company's market capitalization is RS 1586.23 crore.

Promoters hold 37.54% of the company’s shares, while institutional investors own 4.36%, and non-institutional investors hold 58.10%.

In a key development, Salzer Electronics has secured a second order worth RS 50 crore for smart energy meters from a leading Advanced Metering Infrastructure Service Provider (AMISP) in India. This follows an earlier order of RS 5 crore in the previous quarter from the same client, highlighting strong customer trust in its products and manufacturing capabilities.

With an annual production capacity of 4 million smart meters, the company’s new manufacturing facility is well-positioned to cater to India's growing energy infrastructure needs. This aligns with Salzer Electronics' strategic vision to contribute to the nation’s smart metering initiatives and enhance energy management systems.

Salzer Electronics initially entered the electrical industry to design, develop, and manufacture CAM-operated rotary switches, selector switches, wiring ducts, voltmeter switches, and related products.