Sharp India stock up by 19 percent
Bangalore: Sharp India stock was among the top gainers after the price went up nearly by 19 percent. After opening the day at 
33.15, the stock touched its 52 week high of 33.15 before closing the trade at 33.15 with a gain of 19.89 percent. The stock price yesterday had closed at 27.65 and thus the difference between yesterday's closing price and today's open price is 5.50. Through the day, 87513 shares of Sharp India were traded in the market; left hand side has the 52 week chart.
Sharp India is an India-based company. The Company is principally engaged in the manufacture and sale of color televisions and liquid crystal display (LCD) televisions. The Company is also engaged in trading microwave ovens, refrigerators, color televisions, LCD televisions, air conditioners and audio systems. The Company operates in one business segment of consumer electronics. The Company's products in consumer durable industry include color televisions, LCD, refrigerators, washing machines, air conditioners and micro wave ovens. The Company's subsidiary is Sharp Corporation (Sharp). During the fiscal year ended March 31, 2010 (fiscal 2010), the Company had a production of 136,066 color televisions receivers and LCD.
Sharp India Ltd announced that the Board of Directors of the Company at its meeting held on December 27, 2010 has given its consent to the following business model changes. All the traded products are manufactured by Sharp Corporation, Japan and its associate Companies. Sharp Corporation, Japan has decided to implement new business model in India to expand overall Indian business and accordingly effective from April 01, 2011, role of SIL will focus on its core strength of manufacturing. Sale of products manufactured by SIL will be made to Sharp Business systems (India) Limited (SBSIL) a 100 percent subsidiary Company of Sharp Corporation, Japan operating In India; other overseas subsidiaries of Sharp Corporation Japan as and when the opportunity arises; and companies desirous of making OEM/ODM purchases. SBSIL will handle after sales service activity for all products including consumer electronics products manufactured by SIL.
33.15, the stock touched its 52 week high of 33.15 before closing the trade at 33.15 with a gain of 19.89 percent. The stock price yesterday had closed at 27.65 and thus the difference between yesterday's closing price and today's open price is 5.50. Through the day, 87513 shares of Sharp India were traded in the market; left hand side has the 52 week chart.
Sharp India is an India-based company. The Company is principally engaged in the manufacture and sale of color televisions and liquid crystal display (LCD) televisions. The Company is also engaged in trading microwave ovens, refrigerators, color televisions, LCD televisions, air conditioners and audio systems. The Company operates in one business segment of consumer electronics. The Company's products in consumer durable industry include color televisions, LCD, refrigerators, washing machines, air conditioners and micro wave ovens. The Company's subsidiary is Sharp Corporation (Sharp). During the fiscal year ended March 31, 2010 (fiscal 2010), the Company had a production of 136,066 color televisions receivers and LCD.
Sharp India Ltd announced that the Board of Directors of the Company at its meeting held on December 27, 2010 has given its consent to the following business model changes. All the traded products are manufactured by Sharp Corporation, Japan and its associate Companies. Sharp Corporation, Japan has decided to implement new business model in India to expand overall Indian business and accordingly effective from April 01, 2011, role of SIL will focus on its core strength of manufacturing. Sale of products manufactured by SIL will be made to Sharp Business systems (India) Limited (SBSIL) a 100 percent subsidiary Company of Sharp Corporation, Japan operating In India; other overseas subsidiaries of Sharp Corporation Japan as and when the opportunity arises; and companies desirous of making OEM/ODM purchases. SBSIL will handle after sales service activity for all products including consumer electronics products manufactured by SIL.