Sundaram-Clayton, a leading manufacturer of aluminium die castings, witnessed a significant surge in its share price following the announcement of the commercial production of its new facility in Tamil Nadu.
Production facility begins operations
- The company has commissioned the commercial production of aluminium die castings at its new facility in Thervoy Kandigai, Tiruvallur District, Tamil Nadu.
- The initial phase of the facility has an installed capacity of 7,750 MT of aluminium die castings per year.
Positive impact on share price
The news of the new facility's operation led to a 4.05% increase in Sundaram-Clayton's share price, reaching an intraday high of Rs 1,864.80 per share.
Company overview and product range
- Specialisation: Sundaram-Clayton specialises in supplying aluminium die castings for both automotive and non-automotive applications.
- Product offerings: The company's product range includes cylinder heads, oil pans, chain cases, and fuel pump housings.
- Manufacturing capabilities: Sundaram-Clayton operates state-of-the-art manufacturing facilities equipped with in-house alloying, pressure die casting, gravity die casting, low-pressure die casting machines, and advanced machining centres.
- Locations: The company has facilities in Tamil Nadu, India, and Ridgeville, South Carolina, USA.
- Sundaram-Clayton's market capitalisation is Rs 3,663.73 crore.
- The stock's 52-week high is 2,090 per share, and its 52-week low is Rs 1,219 per share.
The commissioning of the new production facility is a positive development for Sundaram-Clayton, reflecting the company's commitment to growth and innovation. Investors closely following the stock may be optimistic about its prospects.
If you're considering investing in stocks like Sundaram-Clayton, you must conduct thorough research and consider factors such as the company's financial performance, industry trends, and your own risk tolerance.
