Business Standard

Stock of this automotive fastener company has zoomed over 110% in 6 weeks

As on May 31, 2022, Sterling Gtake E-mobility's order book stood at Rs 175 crore, all of which will be executed in FY23

bull, markets, shares, stocks, bse, growth, sensex, nse
Premium

SI Reporter Mumbai
Shares of Sterling Tools (STL) hit an over three-year high of Rs 260, gaining 9 per cent on the BSE in Friday’s intra-day trade, on hopes of healthy business outlook. 

Since May 13, the stock has zoomed 111 per cent from a level of Rs 123.20. With this, the stock hit its highest level since May 2019 in the intra-day trade today. The stock had hit a record high of Rs 478 on December 8, 2017.

STL is the second largest automotive fastener manufacturer in India. The company enjoys a healthy share of business (SOB) with leading automotive

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 24 2022 | 1:29 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com