ASK Automotive's stock has hit its upper circuit at RS 356.50, marking a rise of 16.95 points or 4.99% from its previous close of RS 339.55 on the BSE.

The stock opened at RS 340.40 and recorded a high and low of RS 356.50 and RS 340.40, respectively. A total of 5,922 shares have been traded so far.

In the last 52 weeks, the stock has touched a high of RS 508.95 (on 17-Dec-2024) and a low of RS 240.70 (on 13-Mar-2024). Over the past week, it has fluctuated between RS 433.00 and RS 333.85. The company's current market capitalization stands at RS 7,028.13 crore.

Promoters hold a dominant 78.95% stake in the company, while institutional and non-institutional investors own 14.56% and 6.48%, respectively.

In a significant development, ASK Automotive has entered into a Technical Assistance and License Agreement with Japan-based Kyushu Yanagawa Seiki Co. (KYSK) for the production of cast wheels. Under this agreement, KYSK will provide technical expertise for the manufacturing of high-pressure die-cast alloy wheels for two-wheelers. The manufactured products will be supplied to a designated Japanese customer.

ASK Automotive, India's largest producer of brake shoes and advanced braking systems for two-wheelers, aims to enhance safety and performance standards by delivering top-quality alloy wheels that meet global benchmarks.