The company made the announcement after market hours on Tuesday, 25 March 2014.

Meanwhile, the BSE Sensex was up 25.79 points, or 0.12%, to 22,081.

On BSE, so far 17,000 shares were traded in the counter, compared with an average volume of 11,114 shares in the past one quarter.

The stock hit a high of Rs 127.40 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 122.80 so far during the day. The stock hit a 52-week low of Rs 39 on 29 August 2013.

The stock had outperformed the market over the past one month till 25 March 2014, rising 38.92% compared with the Sensex's 5.77% rise. The scrip had outperformed the market in past one quarter, soaring 89.02% as against Sensex's 4.86% rise.

The small-cap company has an equity capital of Rs 10.20 crore. Face value per share is Rs 10.

As and when the commercial production/commercial operation of the unit starts, the same will be intimated to the exchange, JBM Auto said in a statement.

Net profit of JBM Auto surged 265.50% to Rs 9.43 crore on 104.50% surge in net sales to Rs 194.30 crore in Q3 December 2013 over Q3 December 2012.

JBM Auto is engaged in the manufacture of sheet metal components, assemblies, sub- assemblies, tools, dies and moulds. The company operates through three main divisions namely sheet metal division, tool room division and special purpose vehicle (SPV).