Jay Bharat Maruti shines on planning to set up new manufacturing plants in Haryana and Gujarat!
Shares of the company gained more than 11% in the last one month.
Capacity enhancement of Manufacturing Plant
Jay Bharat Maruti is planning to set up 2 new manufacturing plants in the state of Haryana and Gujarat to cater to the requirements of its key customer Maruti Suzuki in both regions. These plants will be commissioned at Kharkhoda, Sonipat in Haryana and SMG Suppliers’ Park in Gujarat. The new plant at Kharkhoda, Sonipat in Haryana will provide capacity enhancement so as to meet the requirements of Maruti Suzuki’s new manufacturing plant at IMT Kharkhoda, which is expected to be commissioned by FY2025.
The company is also planning to set up an assembly facility in the new Gujarat facility for supplying auto assemblies. It will invest around Rs 300-350 crore in a phased manner in line with its customer growth strategy.
Share price movement of Jay Bharat Maruti Limited
Today, the stock opened at Rs 178.90, with a high and low of Rs 178.90 and Rs 174.40. The stock previously closed at Rs 172.95. Currently, the stock is trading at Rs 175.25, up by 1.33 per cent.
The stock has a 52-week high of Rs 202 and a 52-week low of Rs 123.50. The company has a ROCE of 11.2 per cent and an ROE of 7.62 per cent with a market capitalisation of Rs 759 crore.
Company profile
Jay Bharat Maruti, a joint venture between JBM Group and Maruti Suzuki India (MSIL), is the flagship company of the USD 2.6 billion JBM Group. The company is engaged in the manufacturing of key auto systems such as chassis and suspension systems, exhaust systems, welded assemblies, tools and dies, etc. for India’s largest car maker, Maruti Suzuki India.
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