L.T. Elevator Surges on Acquiring South Korea’s DYPC Inc.

L.T. Elevator surged to its upper circuit limit today, closing at Rs. 305.40, a gain of 4.98% from its previous close. This move follows the company’s significant acquisition of DYPC Inc. in South Korea.

• Stock Price: Rs. 305.40
• Points Gained: 14.50
• Previous Close: Rs. 290.90
• Shares Traded: 18400
• Market Cap: Rs. 649.38 crore

The company executed a share purchase agreement to acquire DYPC Inc. (Dongyang PC Inc.), based in Seoul, South Korea. DYPC Inc. is a globally recognized manufacturer of automated mechanical car parking systems, boasting over two decades of operational history.

DYPC Inc. has established its presence across multiple international markets, including the USA, UK, Mexico, Thailand, Iran, Uruguay, Egypt, and Canada. This extensive global footprint underscores the strategic value of the acquisition.

Strategic Global Expansion

This acquisition represents a pivotal step in L.T. Elevator’s strategic transformation. The company is transitioning from primarily a domestic elevator and car parking contractor into a global automated parking technology company.

• 52-Week High: Rs. 305.40 (05-Aug-2026)
• 52-Week Low: Rs. 125.33 (30-Sep-2025)
• Last One Week High: Rs. 305.40
• Last One Week Low: Rs. 258.00
• Promoters Holding: 62.92%
• Institutions Holding: 8.67%
• Non-Institutions Holding: 28.41%

L.T. Elevator currently provides comprehensive elevator system solutions, with a strong focus on service, engineering, and technical solutions. The integration of DYPC Inc. is expected to significantly enhance its technological capabilities and market reach.