Gujarat Apollo concludes agreement with German Company

Gujarat Apollo Industries Ltd has announced that the Company has recently concluded an exclusive Technical Know How agreement with a German Company for design and manufacture crushers and aggregate producing equipment.

These products expand and compliments current product line to achieve higher addressable domestic and international market. This development shall also help the Company to address mining and re-cycling industry in the coming years.

The stock was trading at Rs.162, up by Rs.6.30 or 4.05%. The stock hit an intraday high of Rs.163.20 and low of Rs.154.45. The total traded quantity was 36234 compared to 2 week average of 25213.

Source : Equity Bulls

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