The inventory worth of Singer India has been fixed for the reason that begin of the 12 months.
Rajeev Bajaj has opted to depart Singer India after greater than 37 years of service, together with 13 years as MD.
With Rakesh Khanna being appointed Executive Vice Chairman and Managing Director of Singer India, shares of the agency have been locked 10 per cent higher circuit at Rs 80.82. As of now, 9.49 lakh shares have been exchanged on the counter, greater than 5 occasions the common buying and selling quantity of 1.5 lakh shares for the earlier two weeks. According to information, there have been 2.45 lakh shares topic to pending purchase orders.
Rajeev Bajaj has opted to depart Singer India after greater than 37 years of service, together with 13 years as MD, to pursue different pursuits. Khanna, who succeeded him, served as MD and CEO of Orient Electric, a market chief in client home equipment, with annual revenues of greater than Rs 2,500 crore. Along with managing these well-known companies, Khanna has grown with Sony, Jumbo Electronics, Hitachi, Wipro, and Eureka Forbes.
According to the administration, India is anticipated to have steady development within the upcoming years, which is able to improve demand for client items. Rakesh has a outstanding observe report in establishment constructing, product growth, manufacturing, and product launch.
The inventory worth of Singer India has been fixed for the reason that begin of the 12 months. On the opposite hand, the inventory has grown by 35% during the last 12 months and 22% over the previous month. From the inventory’s 52-week low on June 20, 2022, when it was priced at Rs. 38.10, it has gained by about 115 %.
According to the corporate’s shareholding information, Rekha Jhunjhunwala owned 42,50,000 fairness shares, or 6.95% of the company, as of February 4. Her share is value Rs. 34.35 crore. The Corporation has not but disclosed its holdings for the interval ending March 31.
Based in New Delhi Sewing machine maker Singer has been round for greater than 170 years. The Indian state of Jammu and Kashmir is dwelling to Singer India’s manufacturing services, that are situated in Jammu. Under the “Singer” and “Merritt” model names, it markets its items. Singer has a presence within the sizable and increasing
Home Appliances
class along with stitching machines and their equipment. This section consists of meals processors, dry iron and steam irons, mixer grinders, Sandwich makers and toasters, hand blenders, and extra.
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