ASK Automotive shines on inking joint venture agreement with AISIN Group Companies
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ASK Automotive is currently trading at Rs. 322.45, up by 6.50 points or 2.06% from its previous closing of Rs. 315.95 on the BSE.
The scrip opened at Rs. 322.30 and has touched a high and low of Rs. 325.00 and Rs. 320.25 respectively. So far 3978 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 334.90 on 08-Feb-2024 and a 52 week low of Rs. 240.70 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 327.70 and Rs. 296.75 respectively. The current market cap of the company is Rs. 6228.72 crore.
The promoters holding in the company stood at 85.00%, while Institutions and Non-Institutions held 8.50% and 6.50% respectively.
ASK Automotive has inked Joint Venture Agreement with AISIN Group Companies, comprising AISIN Asia (Thailand) (AAT) and AISIN Automotive Haryana (AHL), to Market and Sell the Auto Components in Independent Aftermarket for Passenger Car Products. With this Strategic Collaboration, both Companies endeavour to expand their footprints across India, Nepal, Sri Lanka and Bangladesh for Independent Aftermarket (IAM) of Passenger Car Products.
This Joint Venture is poised to leverage ASK Automotive’s deep distribution network strength and AISIN Group Companies’ renowned product excellence. This union of expertise and resources is aimed at enhancing the accessibility of high?quality passenger car products in the Independent Aftermarket for the end users.
ASK Automotive is a manufacturer of Advance Braking Systems that include products such as brake panel assembly, brake shoes, disc brake pads, brake lining, and mission case catering to multiple automotive vehicle segments including motorcycles, scooters, passenger vehicles, and commercial vehicles in both the internal combustion (IC) and electric vehicle segment.
