Salzer Electronics up over 160% so far in 2024
Business: Salzer Electronics shareholders appear to be in a celebratory mood as the company’s stock has touched consecutive record highs over the past few years and maintained a consistent upward trend. Even during periods of market volatility, the stocks have shown remarkable resilience, quickly regaining their momentum before facing only a minor correction. The company’s shares, which were priced at ₹100 four years ago, are now trading at ₹1,062, marking a remarkable rise of 962%. So far this year, the stock has rallied 163%, its highest annual gain since listing in 2015. Compared to its all-time low price of ₹54.30 per share, the stock is now trading at 1,900% higher. Since 2020, the stock has consistently delivered positive returns, with gains of 18% in 2020, 48% in 2021, 29% in 2022 and 64.84% in 2023.
Building Management and Energy Management Division through its 6 manufacturing facilities in Tamil Nadu. It holds an impressive market share of 25% in CAM-operated rotary switches and 20% in wire ducts in India. It also has a vast distribution network both locally and globally and exports to 50 countries. In addition, it also has access to L&T’s local network through over 350 distributors. Salzer operates through 4 divisions: Industrial Switchgear, Wires & Cables, Building Products and Energy Management. Exports contributed 26.9% to the company’s revenue in FY24.
