Federal Mogul Goetze India limited is the manufacturer of world-class pistons, piston rings, sintered parts and cylinder liners. It covers a wide range of applications including two/three-wheelers, cars, SUVs, tractors, light commercial vehicles, heavy commercial vehicles, stationary engines and high output locomotive diesel engines. Federal Mogul is the market leader in both OEM and aftermarket and exports to many countries.
Today, Federal Mogul Goetze share price gained over 6 per cent at NSE today and traded at the high of Rs. 520.
The auto component maker has also been counting on the weighted deduction of 200% on R&D expenses that it is seeking to be restored. Automotive component makers body ACMA today requested the government to reinstate weighted deduction of 200 per cent on R&D expenditure as part of its Budget wish-list for 2017-18. The Automotive Component Manufacturers Association (ACMA) also accentuated to keep auto components at 18 percent tax rate bracket in the upcoming GST. ACMA President Rattan Kapur said that he is anticipating the forthcoming Union Budget to uplift the market sentiments which will allow for growth and development of the domestic auto components sector. ACMA President Rattan Kapur said that he is expecting the forthcoming Union Budget to boost the market sentiments which will allow for growth and development of the domestic auto components sector.
Meanwhile, at 12:51 PM, Federal Mogul Goetze share price was trading at Rs. 512.35, up by 4.72 per cent. So far approximately 24 thousand shares had changed hands at the trading counter as compared to the twenty day traded average volume of a little over 5 thousand shares. The stock had opened at Rs. 487.40, lower than its previous close of Rs. 489.25. The stock has slipped over 2 per cent in a month. For other details on Federal Mogul Goetze, visit Federal Mogul Goetze share price history page of Dynamic Levels website.
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