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Last Updated : Jun 18, 2019 09:58 AM IST | Source: Moneycontrol.com

Sandhar Technologies gains 2% on signing JV agreement with Winnercom

The share touched its 52-week high Rs 405.80 and 52-week low Rs 226.45 on 25 June, 2018 and 28 January, 2019, respectively.

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Share price of Sandhar Technologies gained 2.5 percent intraday Tuesday as company signed a JV agreement with South Korean company.

The joint venture is being established for manufacturing and selling, electronic parts and accessories for the automotive industries in India which would include Shark fin antenna and micro pole antenna and other products for the four-wheeler segment.

The JV company is expected to commence commercial production and supplies by the beginning of next financial year from its new factory premises in Bengaluru to the major OEM’s, as per BSE release.

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At 09:40 hrs Sandhar Technologies was quoting at Rs 282.85, up Rs 6.15, or 2.22 percent on the BSE.

The share touched its 52-week high Rs 405.80 and 52-week low Rs 226.45 on 25 June, 2018 and 28 January, 2019, respectively.

Currently, it is trading 30.3 percent below its 52-week high and 24.91 percent above its 52-week low.

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First Published on Jun 18, 2019 09:51 am
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