JMT Auto shares jumped on Wednesday after the board of directors has approved the issue of bonus shares to the shareholders in the proportion of 5:2, i.e. 5 bonus equity shares of Rs 10 each for every 2 existing fully paid equity share of Rs 10 each held by such members.

The board also approved to increase in authorized share capital of the company and consequential alternations of memorandum and articles of association of the company.

Shares of the company are trading at Rs 405.80, up Rs 19.3, or 4.99% at the Bombay Stock Exchange (BSE) on Wednesday at 10:37 a.m.

The scrip has touched an intra-day high of Rs 405.80 and low of Rs 405.00. The total volume of shares traded at the BSE is 2,299.

In the earlier session, the shares climbed 5%, or Rs 18.4, at Rs 386.50.

Currently, the stock is trading all time 52-week high, which is above 382.52% over the 52-week low of Rs 84.10.