Rane Madras
788.05
+5.40(+0.69%)
Market Cap₹2,177.94 Cr
PE Ratio46.23
IndustryAutomobiles
Company Performance:
1D+0.69%
1M+6.34%
6M-10.57%
1Y+1.47%
5Y+199.13%
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More news about Rane Madras
27Jun 25
Rane Madras to Sell 3.48 Acres of Land in Velachery for Rs. 361.18 Crores
Rane Madras, an automotive components manufacturer, has sold 3.48 acres of land in Velachery, Tamil Nadu, for Rs. 361.18 crores. This strategic move to monetize non-core assets will result in a significant cash inflow for the company. While specific plans for the funds have not been disclosed, the transaction could provide Rane Madras with increased financial flexibility for potential debt reduction, capital expenditure, or overall financial strengthening.
17Jun 25
Rane (Madras) Authorizes Land Transfer to Joint Venture Canopy Living LLP
Rane Madras has authorized the transfer of 3.48 acres of land in Velachery, Chennai to Canopy Living LLP, a joint venture partner. The specific details of the joint venture agreement and the intended purpose of the land transfer have not been disclosed. This move suggests a strategic decision by the automotive components manufacturer, potentially indicating diversification or optimization of real estate holdings.
27May 25
RANE (MADRAS) Reports 40% Decline in Q4 Net Profit
RANE (MADRAS), an Indian auto components manufacturer, announced a consolidated net profit of ₹65.00 crore for the fourth quarter, down 40% from ₹108.00 crore in the same period last year. This significant decline may raise concerns about the company's performance and industry challenges.
Rane Madras
788.05
+5.40
(+0.69%)
1 Year Returns:+1.47%
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