Dynamatic Technologies subsidiary inaugurates new facility near Chennai

Dynamatic Technologies Ltd has announced that JKM Daerim Automotive Ltd., a subsidiary of the Company, inaugurated their second facility which is in the Vicinity of its current facility at Irrungattukottai, Chennai.

The additional facility is being set up to meet the increased requirements of Hyundai Motor India Ltd and other customers viz., Honeywell, Ford, Cummins and John Deere.

The plant was inaugurated by Hon'ble Member of Parliament Ms. Kanimozhi in the presence of Mr. H J Shin, Executive Director - Procurement and supply of Hyundai Motor India Ltd., and Mr. J K Malhoutra, Group Founder.

The Stock closed the day at Rs.1317.10, down by Rs.43.10 or 3.17%. The stock hit an intraday high of Rs.1368 and low of Rs.1317. The total traded quantity was 4714 compared to 2 week average of 4227.

Source : Equity Bulls

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