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Hercules Hoists Ltd.

BSE: 505720 Sector: Engineering
NSE: HERCULES ISIN Code: INE688E01024
BSE 00:00 | 13 Apr 118.15 3.50
(3.05%)
OPEN

110.65

 HIGH

119.65

 LOW

110.65
NSE 00:00 | 13 Apr 118.05 3.40
(2.97%)
OPEN

113.15

 HIGH

119.85

 LOW

113.15
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OPEN 110.65
PREVIOUS CLOSE 114.65
VOLUME 1743
52-Week high 138.90
52-Week low 51.90
P/E 34.96
Mkt Cap.(Rs cr) 378
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 110.65
CLOSE 114.65
VOLUME 1743
52-Week high 138.90
52-Week low 51.90
P/E 34.96
Mkt Cap.(Rs cr) 378
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hercules Hoists Ltd. (HERCULES) - Company History

Hercules Hoists Ltd a bajaj group of company is producing Chain pulley block Electric Hoists Trolleys and Cranes with a combined installed capacity to produce 23400 nos per annum.In 2000-2001 the company completed the development of new range of Chain Electric Hoists and Ratchet Lever Hoists. Both the products are expected to do well in the export and domestic market. The company is also developing new range of Wire Rope Electric Hoists jointly with M/s Bull S.r.l. Italy. With effect from February 1 2001 the company's agreement with M/s Batliboi Ltd for the 50:50 Joint Venture marketing company 'Indef Marketing Services Ltd' was terminated and Hercules Hoists bought over their 100000 shares at the face value of Rs.10.00 and paid a compensation of Rs.1 crore towards exiting from the JV and non-competition by them for a period of five years. Thus the 'Indef Marketing Services' become a wholly owned subsidiary of the company with effect from 23rd March 2001.

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