ZF Steering presently trades at Rs 90, down by 1 point or 1.10% from its previous closing of Rs 91 on the BSE.

The stock opened at Rs 86.80 and has touched a high of Rs 90.10 with a low of Rs 86.50. So far 1,600 shares were traded on the BSE.

The BSE stock touched a 52 week high of Rs 220 on January 16, 2008 and a 52 week low of Rs 78 on December 24, 2008.

The stock has seen negative changes of 4.31% since last week and 14.16% since last month.

ZF Steering Gear India’s management has decided to close again its factory as well as office from January 21, 2009 to January 27, 2009 (both days inclusive) in view of the continuous recession in automobile industry, particularly in commercial vehicles, resulting into poor inflow of orders, poor capacity utilization of the plant and piling up of finished goods inventory.

This will be the second block-closure of the company after the earlier block-closure effected from December 25, 2008 to January 01, 2009 (both days inclusive).