JTEKT India rises on capex approval for parts

Jtekt India

26/06/2024 10:01

** Shares of JTEKT India  JTEK.NS  advance as much as 4.2%
to record high level of 221.3 rupees
    ** Stock last up 2.2%
    ** The automotive components maker approves capacity
expansion for manufacturing certain parts
    ** JTEK has hit record high levels five times in June
    ** Stock set to rise for a fifth straight session 
    ** JTEK on track to gain for fifth straight qtr; it gained
~69% in the last four qtrs
    ** Trading vol is 2.5x the 30-day daily avg, above 1 mln for
the fourth straight session
    ** Stock up ~36% in 2024 so far, after gaining for three
consecutive years  




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))