Sparc Electrex Ltd in negotiations with Hyundai for Power Tools and Accessories in India

Sparc Electrex Limited is negotiating with Hyundai Corporation Holdings Co. ltd, Korea for entering into an Exclusive License Agreement which will permit the Company to use the "HYUNDAI" trademark for developing, manufacturing and selling the Power Tools and Accessories in India.

The purpose of the agreement with Hyundai Corporation Holdings Co. Ltd is that the association with "HYUNDAI" brand will help the company in promoting and positioning its products along-side other MNC brands in India.

Selling under " HYUNDAI" brand will help in realizing higher prices for its products because of its brand value.

Shares of SPARC Electrex LTD. was last trading in BSE at Rs. 22.21 as compared to the previous close of Rs. 21.50. The total number of shares traded during the day was 25536 in over 111 trades.

The stock hit an intraday high of Rs. 22.57 and intraday low of 20.60. The net turnover during the day was Rs. 562155.00.

Source : Equity Bulls

Keywords

SPARCElectrex INE960B01015 Hyundai PowerTools Accessories India Discussion