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JTEKT India stock rallies nearly 3% after it starts production of new automotive component

2 Sept 2022 , 02:12 PM

JTEKT India Limited stocks in the fast lane today as the company announced the commencement of production of a new product.

As per the filing, the compay has commenced the commercial production of a new product in the Driveline Segment viz. Constant Velocity Joint (CVJ) from September 01, 2022.

The category of the product is automotive components it caters to domestic market, the company said in a filing on Thursday.

On  Tuesday, at around 10:22 AM, JTEKT India Ltd is currently trading at Rs94.70 per share up by Rs2.5 or 2.71% from its previous closing of Rs92.20 per share on the BSE.

The scrip opened at Rs93.55 per share and has touched a high and low of Rs95.45 per share and Rs93.50 per shaare respectively so far  today. The current market cap of the company is Rs2,254.11 crore.

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