Stock Market Today: Small-cap stock KRN Heat Exchanger and Refrigeration saw its share price rise more than 8% to a 52-week high on Tuesday despite a weak market trend, following multiple positive developments.
KRN Heat Exchanger and Refrigeration share price movement
KRN Heat Exchanger And Refrigeration share price opened at ₹846.0 on the BSE on Tuesday, with gains of over 2% compared to the previous closing price of ₹828.50. KRN Heat Exchanger And Refrigeration share price thereafter gained 8% to hit intraday highs of ₹899.50, which also happened to be its 52-week high.
KRN Heat Exchanger clocks multibagger returns
KRN Heat Exchanger And Refrigeration share price has risen almost four-fold compared to its initial public offer price of ₹220, giving multibagger returns to investors.
KRN Heat Exchanger And Refrigeration latest updates
KRN Heat Exchanger And Refrigeration as per its intimation to exchanges on January 20, 2025 said that its Board of Directors will meet on Monday, January 27, 2025, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended on December 31, 2024.
Apart from this, ace investor Mukul Mahavir Agrawal picked a stake in the company during the December 2024 quarter. Agrawal bought 10,00,000 shares of KRN Heat Exchangers, representing a 1.61 per cent stake in the company.
About KRN Heat Exchangers and Refrigeration
KRN Heat Exchanger and Refrigeration is a key manufacturer of fins and tube-type heat exchangers. The company manufactures copper and aluminium fins, copper tubes, heat exchangers, water coils, condenser coils, and evaporator coils. It manufactures heat exchanger tubes of different shapes and sizes from 5 mm diameter to 7 mm, 9.52 mm, 12.7 mm, and 15.88 mm. All the products offered are used in the domestic, commercial, and industrial Heating, Ventilation, air conditioning and refrigeration (HVAC&R) industry.
Many of the leading colling product manufacturers in the country are among KRN’s customers, while the company also exports its products to many developed markets.
