Introduction:
Auto ancillary stock jumps after acquiring Karna Intertech for ₹50 million, enhancing in-house mould-making capabilities. The acquisition strengthens core manufacturing operations, supports design-sensitive production needs, and ensures long-term synergy with a key supplier in the die casting mould segment.
Share Price movement of Shriram Pistons & Rings:
On April 2, 2025, Shriram Pistons & Rings Limited opened at ₹1,874.90, reaching a high of ₹1,892.80, up 2.27% from its previous close of ₹1,848.00, and a low of ₹1,837.25. The stock is currently trading at ₹1,890.00, with a market cap of ₹8,325.42 Crores.
Shriram Pistons & Rings share price rise:
Shriram Pistons & Rings Limited (SPRL), on 1 April 2025 has acquired 100% equity in Karna Intertech Private Limited. Karna is a key mould supplier, and is now a wholly owned subsidiary of Shriram Pistons & Rings Limited (SPRL) and forms part of their core manufacturing processes.
Karna’s area of expertise is the design and construction of die casting moulds for gravity used in piston castings. A team with considerable professional skills and high-precision equipment is the company’s strong support when meeting SPRL’s design-sensitive requirements. The established purchase is a tool to increase the synergy and ensure the long-term development through the integration of the crucial supplier.
The transaction was executed for a cash consideration of ₹50 million. The Karna transaction did not require any regulatory approvals. Karna was established in 1981 and has been based at Bahadurgarh, Haryana. For the Financial Year 2023-24, Karna reported a turnover of ₹49.98 million, reflecting a steady year-on-year growth.
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Recent news About Shriram Pistons & Rings:
In December 2024, SPRL announced a ₹220 crore acquisition of TGPEL Precision Engineering. TGPEL, formerly Timex Group Precision, makes precision moulds and injection parts, supporting SPRL’s goal to expand into high-precision components beyond internal combustion engine-based powertrains.
Stock performance of Shriram Pistons & Rings for Period of 1 week, 6 months and 1 year:
Shriram Pistons & Rings stock has shown mixed movement across different periods. It gained 1.35% in the last week, but declined 10.1% over the past six months, and recorded a negative return of 5.75% during the one-year period, indicating moderate volatility.
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Shareholding pattern of Shriram Pistons & Rings:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 43.75 | 43.75 | 46.75 |
| FII | 4.5 | 4.27 | 1.99 |
| DII | 13.06 | 12.75 | 11.8 |
| Retail & others | 38.68 | 39.24 | 39.44 |
About Shriram Pistons & Rings:
Shriram Pistons & Rings Ltd (NSE: SHRIPISTON) is a leading auto component manufacturer in India, producing pistons, rings, engine valves, and other precision parts. It serves major automotive OEMs and aftermarket clients, known for quality engineering, advanced manufacturing, and strong R&D capabilities.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
