Jtekt India share price gained 7 percent in the early trade on December 12 after the company secured new order from JTEKT Brasil for supply of loose child parts.
At 09:33 am, JTEKT India was quoting at Rs 141.95, up Rs 9.30, or 7.01 percent on the BSE.
The supply the goods under the respective purchase order (PO) issued by JTEKT Brasil to the company shall be for a duration starting from the date of issuance the PO and shall expire on the delivery time scheduled, Jtekt India said in its release.
The total value of the contract is approximately Rs 182.7 crore.
The company in the quarter ended September had posted 2.7 percent fall in its net profit at Rs 27.02 crore, while revenue of the company was up 2.2 percent at Rs 583.88 crore.
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The share touched a 52-week high of Rs 167.90 and a 52-week low of Rs 95.55 on 10 August, 2023 and 28 March, 2023, respectively.
Currently, the stock is trading 15.46 percent below its 52-week high and 48.56 percent above its 52-week low.
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