Bengaluru, June 24 -- The shares of the Penny stock company, specializing in the design, manufacture, and supply of clutch systems and other precision components for the automotive industry, are in focus upon its strategic entry into the suspension components segment with the launch of Load Cushion and Torque Rod Bush products.

With a market capitalization of Rs. 233.96 crores on Tuesday, the shares of Setco Automotive Ltd hit a 5 percent upper circuit, making a high of Rs. 17.65 per share compared to its previous closing price of Rs. 16.81 per share.

Setco Automotive Ltd, engaged in the design, manufacture, and supply of clutch systems and other precision components for the automotive industry, has expanded its product portfolio by ent...