India, Nov. 11 -- Steering systems are among the most critical parts of a vehicle, and carmakers buy them from a small group of specialist suppliers. The industry has been moving from hydraulic to electric power steering, which is lighter and more fuel efficient. Suppliers that build for popular models and keep up with that technology shift tend to grow faster than the overall market.

The Nifty 50 was trading at 25,380.10, up 1.35%. Meanwhile, Sensex also rose 1.54% to 82,363.59 on Wednesday. Meanwhile, shares of JTEKT India Ltd. were trading at Rs. 122.38, up 2.61 percent from previous close of Rs. 119.27. The stock opened at Rs. 119.14 and reached an intraday high of Rs. 122.45 and low of Rs. 119.14. The company currently has a market...