India's ASK Automotive rises after production starts at new facility

Ask Automotive

15/01/2025 06:12

** Shares of ASK Automotive  ASKA.NS  rise as much as 5.5%
to 452.35 rupees
    ** The auto components maker said on Tuesday it has
commenced commercial production at its manufacturing facility in
Karnataka, which will primarily cater to OEM customers in
southern India
    ** In Feb. last year, ASKA's board approved setting up of
this facility with an investment of about 2.19 bln rupees ($25.3
mln)
    ** If trend holds, stock on track to snap four consecutive
sessions of loss
    ** Stock rose 8.3% in Dec. qtr, its third straight quarterly
rise





($1 = 86.4800 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))