Jay Bharat Maruti advances after turnaround in Q4

Jay Bharat Maruti rose 3.06% to Rs 158.30 at 10:33 IST on BSE after the company reported net profit of Rs 10.02 crore in Q4 March 2015 compared with net loss of Rs 3.70 crore in Q4 March 2014.

The Q4 result was announced after market hours yesterday, 16 April 2015.

Meanwhile, the S&P BSE Sensex was down 94.50 points or 0.33% at 28,571.54.

On BSE, so far 21,000 shares were traded in the counter as against average daily volume of 6,045 shares in the past one quarter.

The stock hit a high of Rs 162.10 and a low of Rs 155.10 so far during the day. The stock had hit a record high of Rs 180.10 on 14 January 2015. The stock had hit a 52-week low of Rs 53.05 on 16 May 2014.

The stock had outperformed the market over the past one month till 16 April 2015, surging 8.17% compared with Sensex's 0.8% rise. The scrip had also outperformed the market in past one quarter, jumping 6.11% as against Sensex's 1.93% rise.

The small-cap company has equity capital of Rs 10.83 crore. Face value per share is Rs 5.

Jay Bharat Maruti's net sales rose 1.4% to Rs 315.10 crore in Q4 March 2015 over Q4 March 2014.

Jay Bharat Maruti is engaged in the business of manufacturing of components for automobiles. The company mainly caters to the needs of its joint venture partner viz. Maruti Suzuki India (MSIL).

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