PPAP Automotive shares surged 16% after the company announced substantial orders worth Rs 118 crore, including a Rs 50 crore deal for electric vehicles.
These orders, set to be executed over 3-5 years, align with the company’s strategy to capitalize on the growing EV market. A key highlight is PPAP’s success in securing new business with KIA, marking a significant milestone in expanding its global presence. This win reflects PPAP’s commitment to building long-term partnerships and delivering excellence to both new and existing customers.
PPAP Automotive shares opened at 216.63 and reached a high of 257.30, with a low of 214.12 today. Over the past year, the stock has experienced a 52-week high of 264.00 and a low of 172.00.
As of 10:10 am, PPAP Automotive shares were trading 15.69% higher at Rs 250.61 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
