SJS Enterprises gains 12% on healthy business outlook

Shares of SJS Enterprises soared 12 per cent to Rs 421.45 on the BSE in Friday’s trade, after the company announced it plans to grow at a CAGR of around 25 per cent organically for FY23-25 period and inorganic growth would boost the growth further up. The company engaged in auto components & equipment business said it has won several key projects from Continental, MG, Honda, Hyundai.

SJS said this organic growth would be on back of positive outlook of the automobile industry and the company’s strategy of enhancing its chrome plating capacity, increasing presence in exports market and