Endurance Technologies Announces Expansion Plan Stock Hits 52-wk High

Endurance Technologies plans the expansion of the installed capacity for manufacturing aluminium die casting (high pressure) and machining components/ parts at the company's Chennai plant, the company informed the bourses.The installed capacity will be expanded from 8,161 million tonnes to 12,250 million tonnes. The investment worth Rs 9.12 crore will be required for the expansion plan. It will be funded through internal accruals.

Meanwhile, Endurance Technologies was down 1.4% at Rs 886.45 per share at 13:48 hours IST on BSE. It also hit a new 52-week high value of Rs 920.95 on Thursday. The stock has outperformed both BSE mid-cap and BSE Auto over a year’s time.Endurance Technologies Limited manufactures aluminium casting (including alloy wheels), suspension, transmission and braking products.

Endurance Technologies Ltd is currently trading at Rs 890, down by Rs 9.45 or 1.05% from its previous closing of Rs 899.45 on the BSE.The scrip opened at Rs 900 and has touched a high and low of Rs 920.95 and Rs 885 respectively. So far 57068(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 12651.92 crore.
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