Jost`s Engineering jumps on getting nod to incorporate wholly owned subsidiary
JostS Engineering Company is currently trading at Rs. 220.00, up by 13.20 points or 6.38% from its previous closing of Rs. 206.80 on the BSE.
The scrip opened at Rs. 213.40 and has touched a high and low of Rs. 223.95 and Rs. 208.40 respectively. So far 5340 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 557.72 on 03-Apr-2025 and a 52 week low of Rs. 202.25 on 24-Mar-2026.
Last one week high and low of the scrip stood at Rs. 227.70 and Rs. 202.25 respectively. The current market cap of the company is Rs. 259.59 crore.
The promoters holding in the company stood at 48.06%, while Institutions and Non-Institutions held 0.05% and 51.88% respectively.
Jost's Engineering has received approval for incorporation of wholly owned subsidiary of the company in India, which would help the company to leverage the future growth opportunities. The proposed wholly owned subsidiary company to be incorporated in India shall carry out the business in the field of Engineered Products and Service. The Board of Directors of the company, at its Meeting held on March 24, 2026, has approved the same.
The company has also received approval for divestment of 50% of its equity investment in its Joint Venture, namely Suryavayu Renewable and Energy Solutions (SRESPL), to Kay Cee Energy & Infra, at fair market value arrived in Valuation Report that is Rs 4.124 per share. Post the Proposed Transaction, SRESPL shall cease to be the Joint Venture.
