ReutersReuters

JTEKT India rises on capex approval for parts

** Shares of JTEKT India JTEKTINDIA advance as much as 4.2% to record high level of 221.3 rupees

** Stock last up 2.2%

** The automotive components maker approves capacity expansion for manufacturing certain parts

** JTEK has hit record high levels five times in June

** Stock set to rise for a fifth straight session

** JTEK on track to gain for fifth straight qtr; it gained ~69% in the last four qtrs

** Trading vol is 2.5x the 30-day daily avg, above 1 mln for the fourth straight session

** Stock up ~36% in 2024 so far, after gaining for three consecutive years

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