Tag: Jay Bharat Maruti

Jay Bharat Maruti shares rose 5% in early trade on September 13 after the company announced that its board will review a proposal to raise funds. The company did not disclose any details on the quantum of funds or how it plans to use the proceeds. However, the company had earlier announced plans to invest Rs 300-350 crore in phases to set up two manufacturing units. The recent rally in the stock price is likely due to the positive sentiment surrounding the fundraise plan. The company's plans to expand its manufacturing capacity are also seen as positive by investors. However, investors should exercise caution before making any investment decisions, as the company has not yet disclosed any details on the quantum of funds it plans to raise or how it plans to use the proceeds