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Jay Bharat Maruti is currently trading at Rs. 175.90, up by 2.95 points or 1.71% from its previous closing of Rs. 172.95 on the BSE.

The scrip opened at Rs. 178.90 and has touched a high and low of Rs. 178.90 and Rs. 174.40 respectively. So far 3898 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 202.00 on 03-Oct-2022 and a 52 week low of Rs. 123.50 on 21-Jun-2022.

Last one week high and low of the scrip stood at Rs. 178.90 and Rs. 164.00 respectively. The current market cap of the company is Rs. 748.87 crore.

The promoters holding in the company stood at 59.35%, while Institutions and Non-Institutions held 3.43% and 37.23% respectively.

Jay Bharat Maruti is planning to set up 2 new manufacturing plants in the state of Haryana and Gujarat to cater to the requirements of its key customer Maruti Suzuki in both the regions. These plants will be commissioned at Kharkhoda, Sonipat in Haryana and SMG Suppliers’ Park in Gujarat. The new plant at Kharkhoda, Sonipat in Haryana will provide capacity enhancement so as to meet the requirements of Maruti Suzuki’s new manufacturing plant at IMT Kharkhoda, which is expected to be commissioned by FY2025. 

The company is also planning to set up an assembly facility in the new Gujarat facility for supplying auto assemblies. It will invest around Rs 300-350 crore in a phased manner in line with its customer’s growth strategy. 

Jay Bharat Maruti, a joint venture between JBM Group and Maruti Suzuki India (MSIL), is the flagship company of the $2.6 bln JBM Group. The company is engaged in the manufacturing of key auto systems such as chassis & suspension systems, exhaust systems, welded assemblies, tools & dies, etc. for India’s largest car maker, Maruti Suzuki India.