Jay Bharat Maruti surges after hiking stake in JBM Ogihara Die-Tech
Jay Bharat Maruti is currently trading at Rs 69.66, up by 2.55 points or 3.80% from its previous closing of Rs 67.11 on the BSE.
The scrip opened at Rs 67.68 and has touched a high and low of Rs 70.62 and Rs 67.13 respectively. So far 4061 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52-week high of Rs 128.40 on 07-Mar-2024 and a 52-week low of Rs 61.34 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs 70.62 and Rs 61.34 respectively. The current market cap of the company is Rs 758.62 crore.
The promoters holding in the company stood at 59.35%, while Institutions and Non-Institutions held 0.86% and 39.79% respectively.
Jay Bharat Maruti (JBML) has hiked its shareholding in JBM Ogihara Die-Tech (P) (JODT) to 49 per cent from 39 per cent, by acquiring equity stake from its joint venture partner Ogihara Thailand Co. (OTC). JODT is a joint venture of JBML, JBM Auto (JBMA) and OTC and is in the business of manufacturing and selling press stamping dies, in particular high-tensile and critical BIW dies.
JBML has further acquired 25,00,000 equity shares (10 per cent) of JODT, an associate company, from its existing shareholder OTC. The cost of acquisition is at book value of Rs 12.55 per equity share totaling to Rs 3.14 crore. The increased stake will help JBML in enhancing its output with MSIL. The technology agreement with OTC and its name in the company will continue for almost two years.
Jay Bharat Maruti is an India-based company. The company is engaged in the business of auto components for automobiles.
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