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Additionally, the company approved raising funds up to Rs 12,000 crore from the domestic market through the issue of secured/unsecured, non-convertible, non-cumulative/cumulative, redeemable, taxable/tax-free debentures/bonds under private placement during the financial year 2024-2025 in one or more tranches/offers subject to the approval of shareholders of the company.

Earlier, the company received a letter of award received from the Haryana Rail Infrastructure Development Corporation (HRIDC) for Package No. C-4: Composite Contract Package in connection with New BG Railway Line of HORC project worth Rs 1,088.49 crore.

The stock has a 52-week high of 258.10 and a 52-week low of Rs 126.20. The stock is up by 80 per cent in 2 years and gave multibagger returns of 480 per cent in 3 years.

Jay Bharat Maruti Limited in collaboration with Maruti Suzuki India Limited (MSIL), is the leading manufacturer of key auto components and assemblies such as exhaust systems, fuel fillers (fuel pipe), and suspension parts for passenger cars. Their manufacturing plants are located in Gurgaon, Bawal, Manesar (Haryana) and Gujarat.

The net sales increased by 23.21 per cent to Rs 4,622.01 crore, the operating profit increased by 27.34 per cent to Rs 913.60 crore and the net profit increased by 29.77 per cent to Rs 493.19 crore in FY23 compared to FY22.