This Engine Valve manufacturer hits 20% upper circuit beacuse two listed companies of group will going to merge with third listed company of same group from this move the financials of the result company after merger will futher get strengthen.
The record date for merger is fixed as April 22, 2025
RANE ENGINE VALVE LTD is going merge with their group company RANE MADRAS LTD after merger for every 20 Rane Engine valve shares will get 9 Rane Madras ltd and for every 20 RANE BRAKE LTD Shares will get 21 Rane madras ltd.
Incorporated in 1959, Rane Engine Valve Ltd manufactures components for the internal combustion engine applicable for stationary and transportation engine applications
a) Engine Valves
b) Valve Guides
c) Mechanical Tappets
Manufacturing Units:
The company has 5 manufacturing plants :
1. Hyderabad Plants (2) - Small Valves for 2W and PC, Medium Valves for PC, Industrial and CV
2. Tumakuru Plant - Medium Valves for CV and Farm Tractors, Large & Extra Large Valves for
Industrial, Power Generation and Marine Applications
3. Chennai Plant - Small Valves for 2W and PC
Medium Valves for Tractors and PC Guides, Tappets
4. Trichy Plant - Small & medium Valves for 2W, PC and CV
Revenue Breakup - Q1FY25:
by Market
India OEM & OES - 59%
India Aftermarket - 7%
International OEM - 25%
International Aftermarket - 9%
This article is for pure educational purpose don't take it as any type of investment advice.
#stockmarket #Raneengine #study #nifty
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