Jay Bharat Maruti rose 2.75% to Rs 54.20 at 10:55 IST on BSE after net profit surged 63.7% to Rs 7.58 crore on 0.5% growth in net sales to Rs 286.66 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Monday, 13 January 2014.
Meanwhile, the S&P BSE Sensex was down 17.58 points or 0.08% at 21,116.63.
On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 2,632 shares over the past one quarter.
The stock was volatile. The stock surged as much as 9.95% at the day's high of Rs 58 so far during the day. The stock rose 2.75% at the day's low of Rs 54.20 so far during the day. The stock had hit a 52-week high of Rs 67.80 on 16 January 2013. The stock had hit a 52-week low of Rs 31.25 on 23 August 2013.
The stock had outperformed the market over the past one month till 13 January 2014, advancing 21.26% compared with the Sensex's 2.02% rise. The stock had also outperformed the market in past one quarter, jumping 31.88% as against Sensex's 2.95% rise.
The small-cap company has equity capital of Rs 10.83 crore. Face value per share is Rs 5.
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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