 "Jay Bharat Maruti surges 10% second straight day post Q2 results")
Jay Bharat Maruti has locked in upper circuit of 10% at Rs 149, extending its previous day’s 11% rally, after reported a strong 62% year-on-year (yoy) jump in net profit at Rs 12.24 crore for the quarter ended September 2014 (Q2). The auto parts and equipment maker had profit of Rs 7.54 crore during the same quarter previous year.
Total operational income of the company grew 17% to Rs 345 crore on yoy basis, Jay Bharat Maruti said in a statement.
Meanwhile, the company has recorded net profit Rs 19 crore in the first half of current fiscal which is higher than net profit for the entire fiscal of FY14 which stood at Rs 16.5 crore.
Jay Bharat Maruti, auto component manufacturing company, is founded in 1986 in collaboration with Maruti Suzuki India Limited (MSIL). The partnership represents the largest joint venture of MSIL for manufacture of sheet metal components, welded assemblies, exhaust systems, fuel fillers, chassis and suspension parts.
The stock is currently trading at its historic high on NSE, seen a combined 250,000 shares changing hands on the counter so far. There are pending buy orders for 103,290 shares on NSE and BSE at 1240 hours.
Total operational income of the company grew 17% to Rs 345 crore on yoy basis, Jay Bharat Maruti said in a statement.
Meanwhile, the company has recorded net profit Rs 19 crore in the first half of current fiscal which is higher than net profit for the entire fiscal of FY14 which stood at Rs 16.5 crore.
Jay Bharat Maruti, auto component manufacturing company, is founded in 1986 in collaboration with Maruti Suzuki India Limited (MSIL). The partnership represents the largest joint venture of MSIL for manufacture of sheet metal components, welded assemblies, exhaust systems, fuel fillers, chassis and suspension parts.
The stock is currently trading at its historic high on NSE, seen a combined 250,000 shares changing hands on the counter so far. There are pending buy orders for 103,290 shares on NSE and BSE at 1240 hours.
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