Kinetic Engineering's stock surged 4.97% to hit its upper circuit limit at RS 177.30, rising by 8.40 points from its previous close of RS 168.90 on the BSE. The stock opened at RS 173.70 and recorded a high of RS 177.30 and a low of RS 172.00, with 12,612 shares traded so far.

The company’s stock, part of the BSE ‘XT’ group with a face value of RS 10, has touched a 52-week high of RS 235.90 on June 27, 2024, and a 52-week low of RS 143.00 on January 13, 2025. Over the past week, the stock fluctuated between RS 184.00 and RS 167.15. The company’s current market capitalization stands at RS 394.34 crore.

Promoters hold a 59.35% stake in Kinetic Engineering, while institutional and non-institutional investors hold 7.13% and 33.52%, respectively.

In a significant development, the company secured approval from the Bombay Stock Exchange (BSE) to issue 1,03,56,725 warrants, raising RS 177 crore. As part of this fundraising, an initial tranche of RS 55 crore will be injected by March 31, 2025. These funds will be used for capital expenditure, tooling, and expansion initiatives, with a key focus on Kinetic Watts and Volts, its subsidiary specializing in electric vehicles.

Kinetic Engineering is a leading manufacturer of high-technology components and assemblies, particularly in powertrain components.