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Subros hits record high after reopens Manesar plant

The stock rallied 12% to Rs 219 on BSE in intra-day trade

Subros Ltd's Noida plant
Subros Ltd's Noida plant

Subros moved higher to its record high of Rs 219, up 12% on BSE in intra-day trade, after the company announced that it has reopened its Manesar plant after a major fire accident in May 2016. Subros manufactures and supplies automotive air conditioning systems (AAS) and fan motor assemblies with the technology developed by its collaborators, Denso Corp and Suzuki Motors, both from Japan. Subros caters to the OEM segment with clients such as Maruti (for its 800cc, 1000cc and 1300cc models, Gypsy and its latest Wagon R and Alto), Tata Motors and PAL. Besides its plant at ...