Auto Ancillary Stock Skyrockets 10% After Securing Rs1,225 Crore Order From Maruti Suzuki
India, Oct. 28 -- The shares of the Small-cap company, which specializes in the design, development, and manufacturing of complete automotive thermal management and air conditioning (AC) systems, are in the spotlight upon securing a Rs. 1,225 crore order from Maruti Suzuki.
With a market capitalization of Rs. 4,093.22 crore in the day's trade, the shares of Subros Ltd rose by 9.7 percent, reaching a high of Rs. 679.20 per share compared to its previous closing price of Rs. 618.80 per share.
What Happened
Subros Limited has received a new business award from Maruti Suzuki India Limited (MSIL) for supplying HVAC assemblies for the YM3 and YU0 models. The order is valued at approximately Rs. 1,225 crore, with the value spread over the to...
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