Asian Electronics stock up by 9 percent
Wednesday, 03 November 2010, 23:02 IST
By SiliconIndia
By SiliconIndia
Bangalore:Asian Electronics stock was among top gainers after price went up by nearly 9 percent.After opening the day at Rs. 25.30, the stock touched its 52 week high of Rs. 45.70, before closing the trade at Rs.25.15, with gain of 8.75 percent. Through the day,6035927 shares of Asian Electronics were traded in the market.
Asian Electronics Limited is an India-based company. The Company is engaged in designing and manufacturing of energy conservation products, specializing in energy efficient lighting solutions. It operates in a single segment, which includes the Lighting Products / Systems.The Company's businesses include domestic lighting, exports lighting and power products, ESCO funding, projects, and research and development. Its domestic lighting business has a retail network of over 800 counters and also operates through a joint venture with Future group.
During the fiscal year ended March 31, 2010 (fiscal 2010), the light emitting device (LED) segment was added to the domestic lighting portfolio. As of March 31, 2010, the Company had tied up major contracts with Innovolt Inc, United States, for handling LED technology, and LED Co, United States, for the supply of parking, garage and street lights with base of LED. During fiscal 2010, E2T5 was developed based on European specifications.
Asian Electronics Limited is an India-based company. The Company is engaged in designing and manufacturing of energy conservation products, specializing in energy efficient lighting solutions. It operates in a single segment, which includes the Lighting Products / Systems.The Company's businesses include domestic lighting, exports lighting and power products, ESCO funding, projects, and research and development. Its domestic lighting business has a retail network of over 800 counters and also operates through a joint venture with Future group.
During the fiscal year ended March 31, 2010 (fiscal 2010), the light emitting device (LED) segment was added to the domestic lighting portfolio. As of March 31, 2010, the Company had tied up major contracts with Innovolt Inc, United States, for handling LED technology, and LED Co, United States, for the supply of parking, garage and street lights with base of LED. During fiscal 2010, E2T5 was developed based on European specifications.
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