Automobile Stocks Under 100, Deccan Bearings, which has been incorporated since 1985 and trades Ball and Roller Bearings in the automobile segment, touched the upper circuit of 5% on 23 April, 2025.
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Share Price Insight of Deccan Bearings
On 22 April 2025, Deccan Bearings opened at ₹94.02 from its previous close of ₹89.55. Throughout the trading day (22 April 2025), the price of the stock faced many ups and downs, with a single-day high of ₹94.02, and it closed at the same price.
On 23 April, Deccan Bearings opened at ₹98.69 and within a minute, it touched the upper circuit price of ₹98.72.
Why Automobile Stocks Under 100, Deccan Bearings Touched an Upper Circuit Today (23 April 2025)?
On 22 April 2025, a share purchase agreement was executed under an open offer. Under this offer, 11,47,504 (Eleven Lakhs Forty Seven Thousand Five Hundred and Four) equity shares were acquired with a target price of ₹10/-(Rupees Ten) per Equity Share.
The deal has been done between Mr. Paresh Gushabhai Satani (Acquirer) and Mr. Satyajit Mishra (Seller), one of the company’s biggest promoters.
Further, the acquirers of Deccan Bearings Limited are set to acquire up to 1,27,64,477 equity shares via preferential allotment. This represents 63.82% of the company’s fully diluted expanded paid-up capital. The transaction is expected to conclude on the 10th working day after the Open Offer tendering period ends.
Offer Details
- Offer Size: The Offer size is of 52,00,000 (Fifty Two Lakhs) Equity Shares of face value of ₹10.
- Offer Price/Consideration: At the rate of ₹10, the cost of the offered shares would become ₹5,20,00,000.
- Mode of Payment: Cash.
- Type of Offer: Triggered offer.
Official Public PDF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3AF8C38B-8507-43D4-AA28-781407B09822-074351.pdf
Deccan Bearings Share Performance for 5 Days, 1 Month, and 6 Months:
In the last 5 days, Deccan Bearings has given a 21.52% return, while in the last 1 month, it has delivered a 9.68% return. In 6 months, the stock price has moved up by 12.45%.
Shareholding Pattern of Deccan Bearings
| Perticulars | June 2024 | Sep. 2024 | Dec. 2024 | March. 2025 |
| Promotors | 71.38% | 56.07% | 56.07% | 53.43% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% |
| DIIs | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 28.63% | 43.93% | 43.93% | 46.57% |
About Deccan Bearings
Automabile Stocks Under 100, Deccan Bearings, has been incorporated since 1985 and deals in trading Ball and Roller Bearings used in the automobile industry.
The company’s product list includes: Taper Roller Bearings, Cylindrical Roller Bearings, Steering Bearings, Needle Roller Bearings, Water Pump Bearings, Clutch Bearings, King Pin Bearings, Ball Thrust Bearings, Ball Bearings, and Spherical Roller Bearings.
Disclaimer: This article is intended solely for educational use. Information about the companies referenced may evolve over time. The securities mentioned serve as examples and should not be considered investment recommendations.