JMT Auto Limited is one of the prime Auto component manufacturers in the Eastern region and has considerable expertise in the auto sector with proven capabilities in Heat treatment & gear manufacturing besides a range of components for Oil and Gas industry. Established in 1987, the company has the competitive edge based on latest CNC Technology, their core competence being high precision Gears and Shafts. JMT Auto have eight state- of- the- art facilities in India which include entirely automated machining lines, design & engineering capability.
Today, JMT Auto share price surged over 15 per cent at the high of Rs. 22.20 at NSE in trade today.
Recently, the Auto Sector has seen sharp decline in its sales and this has put the Auto Sector in the corner. Society of Indian Automobile Manufacturers (SIAM), asserted that the decline was only temporary and the sales pick up would depend a lot on the Budget. The Industry is expecting the Government to take measures to increase disposable income and improve the overall economy-an essential for SIAM’s focus area of fleet modernization, especially for that of commercial vehicles and passenger vehicles.
Meanwhile, at 11:16 AM, JMT Auto share price was trading at Rs. 21.70, up by 13.02 per cent. By the time, approximately 8 lakh shares changed hands at the NSE trading counter. The stock had opened at Rs. 19.05 against its previous close of Rs. 19.20. Its opening price had been its low so far for the day. For the details on JMT Auto, you can visit JMT Auto share price history page of Dynamic Levels website
Furthermore, the Auto industry is also eager on a moderation of the tax regime. While it is improbable that the Goods and Services Tax will be implemented by April 1, they have been looking for moderation of taxation for the automobile industry and reduction of slabs from the current four slabs, ranging from 12-30 per cent, to two slabs.
