New Delhi: Shares JTL Industries surged over 5 per cent on Wednesday i.e. March 12 2025 as the company has announced the incorporation of JTL Engineering Limited as a subsidiary of the company. The stock opened at Rs 79 on the BSE against the previous close of Rs 74.92 - a gain of 5.44 per cent. Last seen it was trading at Rs 75.82. On the NSE the scrip started todays trade at Rs 75.40 and surged further to touch a high of Rs 75.71. It closed at Rs 74.85 in the previous session. According to information available on the BSE the 52-week high and low range of the counter is Rs 123.50 and Rs 74. The market cap of the company is Rs 2896 crore. The company has informed exchanges that JTL Engineering Limited previously operating as a partnership firm under the name of Nabha Steels & Metals has been incorporated as a subsidiary of the company. JTL Engineering Limited (formerly Nabha Steels & Metals) will continue to focus on its core business ensuring a seamless transition for existing clients partners and stakeholders. This move aligns with JTL Industries Limited’s long-term vision to strengthen its market position and drive future growth the company said. Meanwhile equity benchmark indices Sensex and Nifty climbed in early trade on Wednesday but soon turned flat due to highly volatile global trends amid uncertainties over trade tariff. The 30-share BSE Sensex jumped 289.83 points or 0.39 per cent to 74392.15 in the morning trade. On the similar lines the Nifty went up 79.5 points or 0.35 per cent to 22577.40. However both the benchmark indices faced heavy volatility and were quoting between highs and lows. From the Sensex pack Infosys HCL Technologies Tata Consultancy Services Axis Bank Tech Mahindra Nestle India Asian Paints Zomato Bajaj Finance and Hindustan Unilever were among the laggards. On the other hand IndusInd Bank Tata Motors Kotak Mahindra Bank Adani Ports HDFC Bank Mahindra & Mahindra NTPC and Sun Pharma were among the gainers.