Jtekt India witnessed a significant 7% surge in its share price during the early trade on December 12, following the company’s successful bid for a new order from JTEKT Brasil for the supply of loose child parts.
As of 10:40 am, the shares continued to show positive momentum, trading at a 5.66% increase from their previous value. Jtekt India, in its release, disclosed that the supply of goods under the purchase order (PO) from JTEKT Brasil would span from the date of PO issuance and expire as per the scheduled delivery time.
The total value of the contract stands at approximately Rs 182.7 crore, adding a substantial boost to Jtekt India’s order book and contributing to the positive market sentiment surrounding the company’s stock.
