DIVGI TORQTRANSFER SYSTEMS LTD.
NSE : DIVGIITTSBSE : 543812ISIN
CODE : INE753U01022Industry : EngineeringHouse
: Private
BSE832.007.1 (+0.86 % )
PREV CLOSE (Rs.) 824.90
OPEN PRICE (Rs.) 841.40
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 698
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE829.85 3.95 (+0.48 % )
PREV CLOSE(Rs.) 825.90
OPEN PRICE (Rs.) 833.65
BID PRICE (QTY) 829.85 (99 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 15672
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 02-Feb-2024 | Divgi Torqtransfer Systems informs about outcome of board meeting | <div style="text-align: justify;">Divgi Torqtransfer Systems has informed that Board of Directors of the Company at their meeting held on February 02, 2024, have approved, Financial Results - The Unaudited Financial Statements for the quarter and nine months ended December 31, 2023. In compliance with the Listing Regulations, they are enclosed the said Unaudited Financial Results and the Auditor's Limited Review Report for the quarter and nine months ended December 31, 2023; and Other Business- The Internal Audit report for the quarter ended December 31, 2023. The said meeting commenced at 01:45 pm and concluded at 04:00 pm on February 02, 2024.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 01-Feb-2024 | Divgi TorqTransfer Systems shines on bagging orders from North American manufacturers | <p style="text-align: justify;">Divgi Torqtransfer Systems is currently trading at Rs. 942.50, up by 10.40 points or 1.12% from its previous closing of Rs. 932.10 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 949.45 and has touched a high and low of Rs. 953.90 and Rs. 937.00 respectively. So far 1100 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1149.00 on 13-Oct-2023 and a 52 week low of Rs. 557.20 on 14-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 960.00 and Rs. 920.05 respectively. The current market cap of the company is Rs. 2891.46 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 60.48%, while Institutions and Non-Institutions held 28.65% and 10.87% respectively.</p><p style="text-align: justify;">Divgi TorqTransfer Systems has received order confirmations for three components from two marquee Tier I North American manufacturers of Gearboxes and Transmissions. These are precision forged and machined components for the passenger and Light commercial vehicles. The annual value of these orders is around Rs 42.5 crore (based on current forex rate). As indicated by the customers, after successful trials, the mass production of these parts will commence during FY 2024-25.</p><p style="text-align: justify;">Earlier, the company has also been awarded an order worth Rs 46.9 crore from the same customer. With award of the new orders, the annual order book with these customers has crossed Rs 89.4 crore. The life-cycle revenue of both the businesses is Rs 212.1 crore over a period of 5 years.</p><p style="text-align: justify;">Divgi Torqtransfer Systems is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.</p><div style="text-align: justify;"><br></div> |
| 01-Feb-2024 | Infosys, Cochin Shipyard and Glenmark Pharmaceuticals to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Infosys </span>has signed a seven-year strategic collaboration with Musgrave, Ireland's leading food retail, wholesale and foodservice company. As part of this collaboration, Infosys will help automate Musgrave's IT operations by leveraging its industry leading AI and Cloud offerings, Infosys Topaz, an AI-first set of services, solutions and platforms using generative AI technologies and Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey. </p><p style="text-align: justify;"><span style="font-weight: bold;">Cochin Shipyard</span> has bagged order from European Client, for the design and construction of one no. hybrid Service Operation Vessel (SOV). The total project cost for the firm order is around Rs 500 crore and the vessel to be delivered in 2026. The vessel is designed and built for the service, maintenance and operational needs of the offshore wind farm industry in the European market where sustainable energy solutions are in high demand.</p><p style="text-align: justify;"><span style="font-weight: bold;">Glenmark Pharmaceuticals</span> (Glenmark) has joined hands with Pfizer to launch abrocitinib, a first of its kind oral advanced systemic treatment for moderate-to-severe atopic dermatitis (AD), in India. Developed by Pfizer, abrocitinib has received marketing authorization from the Central Drugs Standard Control Organization (CDSCO) in India and is approved by the U.S. Food and Drug Administration (FDA), European Medicines Agency (EMA), and other regulatory agencies.</p><p style="text-align: justify;"><span style="font-weight: bold;">Sprayking </span>has received Export Purchase order worth Rs 4 million for supply of Plumbing Fittings on Pilot Project Basis. This significant achievement not only underscores Sprayking's commitment to excellence but also reflects the company's strategic focus on establishing a strong footprint in the overseas market. The success of the pilot project is a testament to the dedication and hard work of the entire team at Sprayking.</p><p style="text-align: justify;"><span style="font-weight: bold;">Havells India</span> has introduced its latest innovation with the launch of first time Made in India Heat Pump Water heater. Tailored to meet the demands of residential applications, this cutting-edge technology offers up to 75% energy savings, setting new standards in water heating. Designed with a specific focus on addressing concerns about energy wastage and the adequacy of hot water, the revolutionary Havells Heat Pump offers a solution that allows a seamless bathing experience, while consuming only one fourth energy cost compared to conventional water heaters.</p><p style="text-align: justify;"><span style="font-weight: bold;">Paras Defence and Space Technologies</span> has won the contract for Design, Optimization, Fabrication and Qualification of Optical Periscopes for ICS for Submarine Application dated January 30, 2024, from Instrument Research & Development Establishment (IRDE), Govt. of India, Ministry of Defence, DRDO.</p><p style="text-align: justify;"><span style="font-weight: bold;">Divgi TorqTransfer Systems </span>has received order confirmations for three components from two marquee Tier I North American manufacturers of Gearboxes and Transmissions. These are precision forged and machined components for the passenger and Light commercial vehicles. The annual value of these orders is around Rs 42.5 crore (based on current forex rate). As indicated by the customers, after successful trials, the mass production of these parts will commence during FY 2024-25.</p> |
| 31-Jan-2024 | Divgi TorqTransfer Systems bags orders from North American manufacturers | <p style="text-align: justify;">Divgi TorqTransfer Systems has received order confirmations for three components from two marquee Tier I North American manufacturers of Gearboxes and Transmissions. These are precision forged and machined components for the passenger and Light commercial vehicles. The annual value of these orders is around Rs 42.5 crore (based on current forex rate). As indicated by the customers, after successful trials, the mass production of these parts will commence during FY 2024-25.</p><p style="text-align: justify;">Earlier, the company has also been awarded an order worth Rs 46.9 crore from the same customer. With award of the new orders, the annual order book with these customers has crossed Rs 89.4 crore. The life-cycle revenue of both the businesses is Rs 212.1 crore over a period of 5 years.</p><p style="text-align: justify;">Divgi Torqtransfer Systems is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.</p> |
| 06-Jan-2024 | Divgi Torqtransfer Systems informs about RTA certificate | <div>Divgi Torqtransfer Systems has informed that it attached the certificate received from Link Intime India the Registrar and Transfer Agent of the Company for the quarter ended December 31, 2023.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 13-Dec-2023 | Divgi Torqtransfer Systems informs about analyst meet | <div>Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Divgi Torqtransfer Systems has informed that it enclosed the schedule of Analyst/ Institutional Investor meetings to be held physically from December 18, 2023 to December 20, 2023.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 20-Nov-2023 | Divgi TorqTransfer Systems informs about appointment of SMP | <p style="text-align: justify;">Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Divgi TorqTransfer Systems has informed about the appointment of Senior Management Personnel (SMP): The Company has appointed Rupam Parwate as Head-Operational Excellence and Management Systems. Rupam Parwate will be reporting to the Managing Director of the Company and shall be classified as Senior Management Personnel of the Company with effect from Monday, November 20, 2023. A brief profile of Rupam Parwate as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is annexed to this intimation as Annexure A.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 18-Nov-2023 | Divgi TorqTransfer Systems informs about investor meet | <p style="text-align: justify;">Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR Regulations'), Divgi TorqTransfer Systems has informed that Analyst / Institutional Investors' Meeting with ‘Matthews India Fund' scheduled on November 20, 2023 at Pune, Maharashtra. In the meeting, the Company will make a presentation on the same lines as the presentation made available on the websites of the Stock Exchanges and the Company on November 01, 2023 vide letter reference no. DTTS/Sec/23-24/81. No Unpublished Price Sensitive Information (UPSI) is intended to be discussed during the meeting.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 11-Aug-2023 | Divgi Torqtransfer Systems bags order to supply product for EV model | <p style="text-align: justify;">Divgi Torqtransfer Systems has been awarded a new program from a domestic customer (Mahindra Group of Companies) to supply product for EV model which has added a Life Cycle Revenue of Rs 219 crore to its order book. Production for the same is expected to commence from Q4FY24.</p><p style="text-align: justify;">Divgi Torqtransfer Systems is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.</p> |
| 31-Jul-2023 | Power Grid, Divgi Torqtransfer Systems and Alphalogic Industries to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">Power Grid Corporation of India</span> has been declared as successful bidder under Tariff Based Competitive Bidding (TBCB) for the two Inter-State Transmission System Projects under Build, Own Operate and Transfer (BOOT) basis. The first project is Transmission system for evacuation of power from REZ in Rajasthan (20GW) under Phase III Part B1. The project comprises of establishment of a new 765/400/220 kV Pooling Station at Bhadla-3 and a 765 kV D/C Transmission Line traversing in the state of Rajasthan and associated bay extension works.</p><p style="text-align: justify;"><span style="font-weight: bold;">Divgi Torqtransfer Systems </span>has been awarded a new program from an overseas customer to supply components for their OE Program which has added a life cycle value of Rs 180 crore to its order book. Production for the same is expected to commence from Q4FY24.</p><p style="text-align: justify;"><span style="font-weight: bold;">Alphalogic Industries</span> has won order for design, manufacture, supply and installation of Mezzanine Floor Structure from Jayratna Industries for their unit based in Pune, Maharashtra. The order value is Rs 49,22,960 Inclusive of GST.</p><p style="text-align: justify;"><span style="font-weight: bold;">Virinchi </span>has entered into a Multi-Year Agreement with one of the leading Micro Lending companies in USA on July 28, 2023 which will add $2 million to $2.5 million per annum to the top line of the Company going forward. The initial Term of the agreement is for 5 Years from July 28, 2023.</p><p><span style="text-align: justify;">The eSync Alliance, a global automotive initiative to standardize over-the-air (OTA) updates and diagnostics, has welcomed global design and technology service provider </span><span style="text-align: justify; font-weight: bold;">Tata Elxsi</span><span style="text-align: justify;"> as its latest member. Tata Elxsi is positioned to empower the automotive industry amidst the shift towards SoftwareDefined Vehicles (SDVs). </span></p><p style="text-align: justify;"><span style="font-weight: bold;">NTPC </span>has reported results for first quarter ended June 30, 2023 (Q1FY24). The company has reported 9.39% rise in its net profit at Rs 4,066.04 crore for the quarter under review as compared to Rs 3,716.96 crore for the same quarter in the previous year. However, total income of the company decreased by 2.57% at Rs 39,680.69 crore for Q1FY24 as compared Rs 40,725.67 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 23.36% rise in net profit at Rs 4,907.13 crore for the first quarter ended June 30, 2023 as compared to Rs 3,977.77 crore for the same quarter in the previous year. However, total income of the company decreased by 0.39% at Rs 43,390.02 crore for Q1FY24 as compared Rs 43,560.72 crore for the corresponding quarter previous year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Kellton Tech Solutions</span> has incorporated a wholly owned subsidiary namely, Kellton L.L.C-FZ in the jurisdiction of Meydan-Free Zone in Dubai, U.A.E on July 28, 2023, with an Authorised Share Capital of AED 1,00,000 of divided into shares of AED 100, (each). The business of the new wholly owned subsidiary is in line with the main line of business of the Company.</p> |
