SUPRAJIT.NSE Suprajit Engineering Ltd.

Suprajit Engineering announced that Frank Klinkert, Managing Director of Luxlite Lamp S.a.r.l. has decided to step down with effect from 31 August 2023. Frank will continue to support his successor and serve as a Liquidator of Trifa Lamps GmbH until 31 March 2024.Saliha Krich who currently Heads Sales and Marketing of Luxlite Lamp S.a.r.l. will be the Managing Director with effect from 01 September 2023. She will lead Luxlite Lamp and manage the export marketing activities of Phoenix Lamps Division under Akhilesh Goel,-Chief Operating Officer (COO) PLD.Akhilesh Rai, Director and Chief Strategy Officer (CSO) of Suprajit Engineering joins the Board at Luxlite Lamp S.a.r.l. along with Saliha Krich.

Emkay Global Financial is bullish on Suprajit Engineering has recommended buy rating on the stock with a target price of Rs 440 in its research report dated August 15, 2023.

Sharekhan is bullish on Suprajit Engineering has recommended buy rating on the stock with a target price of Rs 457 in its research report dated August 16, 2023.

Traders are advised to hold longs with trailing stoploss of 19,200 in Nifty on the closing basis.