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Automotive Stampings & Assemblies stock locks at fresh all-time high on plans to set up new manufacturing unit

The new manufacturing unit will be set up in Chakan.

December 03, 2021 3:20 IST | India Infoline News Service
Automotive Stampings & Assemblies stock on Friday locked at a new 52-week high after the company announced to set up a new manufacturing unit at Chakan.

In its regulatory filing, the company said that it "has decided to establish a new plant at Survey No. 679/2/2, Alandi Road, Kuruli, Chakan, Taluka Khed, District, Pune 410 501."

At around 3.18 pm, the company's stock froze at a new 52-week high of Rs247.80 per piece up by 5%.

The new all-time high level is also the stock's upper circuit limit currently.

On the previous day, the stock had closed at Rs236 per piece. 

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