JTEKT India Limited (JIN) has been taking all recommended precautions in its operations against the spread of COVID19, which includes Work from home policy for eligible employees, sensitisation and hygiene, maximising video conferencing and minimising contacts, health and distancing advisories to employees and following all Govt. directions on the subject issued from time to time.
The Gurgaon Distt. and the rest of the Country is susceptible to move to the community transmission stage of COVID 19 epidemic, thus it is expedient that as a precautionary measure and as per the Govt.Policy/ies now requires closure of operations and accordingly JIN's Management has taken a decision on production closure.
The Company will shut RHQ Office, Corporate Off. and Production Operations at its facilities in Gurugram; Dharuhera; and Bawal with immediate effects till further notice. The duration of this shut down will depend upon the Govt. Policy.
Shares of Jtekt India Ltd was last trading in BSE at Rs.43 as compared to the previous close of Rs. 39.75. The total number of shares traded during the day was 6569 in over 630 trades.
The stock hit an intraday high of Rs. 43.5 and intraday low of 39. The net turnover during the day was Rs. 275598.