Tuesday, July 4, 2023

Jamna Auto - fortunues depend on Auto sector

 



JAI manufactures high-quality suspension solutions for a wide range of commercial vehicles. Our product range includes Leaf Springs, Parabolic Springs, Lift Axles & Air Suspensions. JAI is a well known brand in automotive Industry catering to all OEM's, Replacement Market and Export Market. For Springs – we have the highest annual capacity of over 3,00,000 MT.

Jamna Auto Industries Limited has 10 plants all over India, manufacturing high quality suspension systems. The plants comprise state-of-the-art machinery and advanced technologies. All the plants are ISO certified, adhere to international safety standards, and are strategically located in close proximity to OEMs. JAI has been awarded TPM category A award from Japan Institute of Plant Maintenance for its Jamshedpur, Yamuna Nagar, and Malanpur plant.

JAI is supplying suspension products to the major OEM's in India for all the vehicles – light, heavy , buses & mining. In India's OEM market, JAI commands a good position.

JAI was instrumental in introduction of Parabolic Springs in India in 1988 for the passenger cars and have now pioneered the same for Commercial Vehicles. This technology not only reduces the weight of the springs but also improves the ride comfort and extends the vehicle life.


Current Market Price - Rs.103

Year High - 135

Year Low - 95


Returns -

1 month - 2%

6 months - 1%

1 year - minus 20%


Technically weak  currently trading near lows.  

Long term investors can buy on declines as auto sector is likely to do well going forward


Date 4 July 2023

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