"The greenfield plant has been set up at village Karsanpura, Taluka Mandal, District Ahmedabad in Gujarat," the company said in a filing to BSE, adding that the first phase of the project now stands completed.
Dolat Capital is bullish on Subros has recommended buy rating on the stock with a target price of Rs 260 in its research report dated August 13, 2019.
Dolat Capital is bullish on Subros has recommended Buy rating on the stock with a target price of Rs 323 in its research report dated May 22, 2019.
Net Sales are expected to increase by 9 percent Y-o-Y (up 17.8 percent Q-o-Q) to Rs. 601.8 crore, according to Sharekhan.
The company is a proxy play on the growth of Maruti Suzuki India Ltd as it is the sole supplier of high-value critical AC components to Maruti Suzuki.
Subros has planned to set up the second manufacturing unit by H2 FY19 while the third plant is in the planning stage. These are expected to increase the capacity to 2.5 million units from the current 1.5 million units.
Joindre Capital Services is bullish on Subros has recommended buy rating on the stock with a target price of Rs 384 in its research report dated December 03, 2018.
HDFC Securities is bullish on Subros has recommended buy rating on the stock with a target price of Rs 435 in its research report dated October 30, 2018.
Auto airconditioning manufacturing company Subros has reported strong set of earnings for the quarter ended September 2018.
Revenue from operations during the quarter increased sharply 34.4 percent to Rs 552.2 crore from Rs 411 crore in corresponding period last fiscal.
HDFC Securities is bullish on Subros has recommended buy rating on the stock with a target price of Rs 384 in its research report dated April 23, 2018.
Net Sales are expected to increase by 19.5 percent Y-o-Y (up 10.5 percent Q-o-Q) to Rs. 500 crore, according to HDFC Securities.
Subros is in focus on the back of a good Q2. In an interview to CNBC-TV18, PK Duggal, VP-Corporate Planning & Marketing of the company spoke about the results and his outlook going ahead.
The company had reported a net loss of Rs 1.39 crore during the same period of previous fiscal, Subros said in a BSE filing.
Sudarshan Sukhani of s2analytics.com is of the view that one may short V-Guard Industries and buy Interglobe Aviation and M&M Financial Services.
Subros has started supplying radiators and condensors to white good makers. In an interview to CNBC-TV18, PK Duggal, VP Corporate Planning and Marketing at Subros spoke about the latest happenings in his company and sector.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. Subros, Blue Star, SBI, Kotak Mahindra Bank and PNB.
"Subros Ltd today re-opened its Manesar plant after the fire incident which took place on May 29, 2016 severely impacting the building, plant and machinery, stocks and other assets," the company said in a BSE filing.
"Meeting of the Board of Directors of the company will be held on March 29 to consider a proposal to issue secured/unsecured, redeemable, non-convertible debentures on private placement basis, for an amount as may be decided by the Board," Subros said in a regulatory filing.
In an interview to CNBC-TV18, Prakash Diwan, Market Expert at Altamount Capital Management shared his readings and outlook on specific stocks and sectors.