Shares of JTEKT India Ltd, a leading auto ancillary company, jumped nearly 4% on the BSE after Nippon India Mutual Fund acquired a 1.55% stake in the company through bulk deals worth approximately ₹54.5 crore.
📈 Bulk Deal Details
According to exchange data:
- Nippon India Small Cap Fund purchased:
- 20 lakh shares (0.79% stake) on the NSE for ₹27.7 crore at an average price of ₹138.84
- 19.25 lakh shares (0.76% stake) on the BSE for ₹26.7 crore at an average price of ₹138.82
- Total stake acquired: 1.55%
- Combined deal value: ₹54.5 crore
Following the transaction, JTEKT India’s stock touched an intraday high of ₹146.50, before settling around ₹142.45, up 1% from the previous close of ₹140.95.
🏭 Company Overview
JTEKT India Ltd manufactures steering systems and auto components for passenger cars and utility vehicles. It is part of the JTEKT Corporation, a global automotive and industrial component manufacturer headquartered in Japan.
📊 Financial Snapshot
- Q4 FY25 Revenue: ₹649 crore (up 3% YoY)
- Q4 FY25 Net Profit: ₹25 crore (down 26% YoY)
- Market Cap: ₹3,621 crore
- 1-Year Return: -33%
- 1-Month Return: +2%
Despite a dip in annual returns, the recent fund infusion has renewed investor confidence, signaling potential upside as the company strengthens its position in the auto components sector.
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