India, Jan. 7 -- A microcap stock in the business of developing plastic and driver-based extrusion systems saw its stock surge by 20 percent soon after the firm sold its 50 percent stake in a JV to the Japanese JV partner, which is also engaged into manufacturing automotive parts.

With a market cap of Rs 326Cr, PPAP Automotive Limited saw its stock hit an intraday high of Rs 253 which is 19.9 percent higher than the previous close of Rs 211. Additionally, the stock has given a return of 7 percent since the start of FY26

What's the News? PPAP Automotive Limited entered into a Settlement Agreement on January 7, 2026, to sell its entire 50 percent stake in joint venture PPAP Tokai India Rubber Private Limited (PTI) to JV partner Tokai Kogy...