Jamna Auto Industries is currently trading at Rs. 250.00, up by 8.70 points or 3.61% from its previous closing of Rs. 241.30 on the BSE.
The scrip opened at Rs. 244.50 and has touched a high and low of Rs. 253.00 and Rs. 244.50 respectively. So far 3938 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.00 on 20-May-2015 and a 52 week low of Rs. 105.00 on 07-Aug-2014.
Last one week high and low of the scrip stood at Rs. 261.00 and Rs. 218.00 respectively. The current market cap of the company is Rs. 987.51 crore.
The promoters holding in the company stood at 43.81% while Institutions and Non-Institutions held 0.94% and 55.25% respectively.
Credit rating agency, ICRA has upgraded ratings of Jamna Auto Industries for line of credit on long term scale from ‘A’ to ‘A+’. The outlook on the long-term rating is stable. The committee has also upgraded ratings of the company for line of credit on short term scale from ‘A1’ to ‘A1+’.
Jamna Auto is the largest manufacturer of tapered leaf springs and parabolic springs for commercial vehicles in India and is the number one supplier to Tata Motors (TML) and Ashok Leyland (ALL), the two major commercial vehicle manufacturers in Indian market for over 54 years. The company is also the largest spring manufacturer in the world.
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