Auto components company secured an order worth USD 3.73 million from the U.S.-based company, Allison Transmission
The stock is up by 82 per cent from its 52-week low of Rs 73 per share.
On Wednesday, shares of Menon Bearings Ltd gained 4.30 per cent to Rs 133 per share from its previous closing of Rs 127.55 per share. The stock’s 52-week high is Rs 157.75 per share and its 52-week low is Rs 73 per share.
Menon Bearings Ltd has secured a significant international order from U.S.-based Allison Transmission for the annual supply of approximately 75 lakh pieces of Thrust Washers and Bushings. This ongoing business commitment is valued at around USD 3.73 million per year and will be executed yearly.
Established in 1991, Menon Bearings Ltd, a part of the Kolhapur-based Menon Group, specialises in the manufacturing and export of essential Auto Components. The company produces critical moving engine components such as bearings, bushes, and thrust washers, designed for demanding high-temperature, high-RPM, and high-pressure environments found in long-haul, heavy-duty diesel engines and multi-axle vehicles. In addition to these, Menon Bearings also manufactures aluminium die-casting components utilised across various systems, including engines, brakes, transmissions, and electrical systems, as well as in marine and power generation applications.
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According to the shareholding pattern as of March 2025, the promoters hold 68.44 per cent stake, FIIs hold 0.46 per cent and the remaining 310.1 per cent stake is owned by the general public. The company has a market cap of Rs 695 crore. The stock is up by 82 per cent from its 52-week low of Rs 73 per share.
Disclaimer: The article is for informational purposes only and not investment advice.