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JMT Auto touches roof on acquiring Germany based REGE

27 Jul 2015 Evaluate

JMT Auto is locked at upper circuit at Rs. 95.05, up by 4.50 points or 4.97% from its previous closing of Rs. 90.55 on the BSE.

The scrip opened at Rs. 95.05 and has touched a high and low of Rs. 95.05 and Rs. 95.05 respectively. So far 1,73,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 95.05 on 27-Jul-2015 and a 52 week low of Rs. 19.88 on 14-Jan-2015.

Last one week high and low of the scrip stood at Rs. 95.05 and Rs. 74.55 respectively. The current market cap of the company is Rs. 2,394.46 crore.

The promoters holding in the company stood at 71.73%, while Institutions and Non-Institutions held 17.95% and 10.32% respectively.

JMT Auto has acquired Germany based REGE Holding GmbH (REGE) through its Singapore based Special Purpose Vehicle (SPV). This acquisition was funded at overseas subsidiary level.

JMT Auto is one of the leading producer of Gears (Helical & Spur) , Shafts, Pins and Excavator components.


Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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