Rane Madras Share Price Soars 9% After ₹361 Crore Land Deal in Chennai

Market Performance

Rane Madra's share price saw a significant surge on Friday, June 27, following the announcement of a major land sale.

• Opening Price: ₹873.70
• Previous Close: ₹863.80
• Intraday High: ₹945.25
• Gain: Up 9.4% intraday
• 2:25 PM Price: ₹932 (nearly 8% up)

At the same time, benchmark Sensex was trading marginally higher by 0.22% at 83,941.

Main News: ₹361 Crore Land Sale Triggers Rally

The rally in Rane Madra's share price followed the company's announcement of a strategic land deal.

• Rane Madras agreed with Canopy Living LLP.
• Canopy Living is a JV between Arihant Foundations & Housing Ltd and Prestige Estates Projects Ltd.
• The deal involves 3.48 acres of land located in Velachery, Chennai.
• Transaction Value: ₹361.18 Crore

Purpose of the Deal

• The company aims to reduce debt.
• Plan to consolidate offices across city divisions to achieve long-term cost synergies following the merger.

Land Retention

• Total land parcel: 4.50 acres
• Rane Madras will retain the remaining land.
• A new office facility will be developed on the retained portion of the land.

Company Details: Rane (Madras) Overview

Rane (Madras) is a key part of the renowned Rane Group, headquartered in Chennai.

Product Portfolio

• Steering & Suspension Systems
• Brake Components
• Engine Components
• Light Metal Casting Components

Market Presence

• Supplies to major OEMs (original equipment manufacturers)
• Active in aftermarket segments both in India and internationally

Industry Segments Served

• Passenger Vehicles
• Commercial Vehicles
• Farm Tractors
• Two-Wheelers & Three-Wheelers
• Railways
• Stationary Engines

Rane Madras Share Price Trend

5-Year Performance

• Delivered multi-bagger returns of nearly 300% over the last five years.

1-Year Performance

• Muted growth with only a 4% gain over the last 12 months.
• 52-Week Low: ₹577.95 (on March 11)
• 52-Week High: ₹1,525.75 (on August 22)

Monthly Performance

• The stock has been on a positive trend since March 2025.
• As of June 2025, it has already risen by about 3%.

Summary of the Article

• Rane Madra's share price surged over 9% on June 27, reacting to a major ₹361 Crore land sale in Chennai.
• The deal aims to streamline operations and strengthen the company's financial position by reducing its debt.
• Despite a flat yearly performance, the stock has been rallying monthly and remains a significant player in the auto components sector.
• The company maintains a diversified portfolio, serving both domestic and global OEMs and aftermarket clients.