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Sona Koya Steering hits record high on heavy volumes

The stock soared 17% to Rs 85.80, also its record high on the BSE in intra-day trade

Sona eyes opportunities in defence components
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SI Reporter Mumbai
Sona Koya Steering Systems has soared 17% to Rs 85.80, also its record high on the BSE in intra-day trade, on back of heavy volumes as media report suggests that the company’s co-promoter and Japanese auto-component maker JTEKT Corporation is planning to buy out Indian partner stake in the company.

At 11:03 am; the stock was up 12% at Rs 82.15 as compared to 0.47% rise in the S&P BSE Sensex. The trading volumes on the counter jumped more than four-fold with a combined 4.74 million shares or 2.4% of total equity of the company changed hands on the