Jay Bharat Maruti declined 2.5% to Rs 185 at 10:49 IST on the BSE after consolidated net profit declined 41.6% to Rs 7.85 crore on a 12.5% fall in net sales to Rs 442.93 crore in Q1 June 2019 over Q1 June 2018.
The announcement was made after market hours, yesterday, 16 July 2019.
Meanwhile, the S&P BSE Sensex was up by 98.84 points or 0.25% to 39,229.88.
On the BSE, 2607 shares were traded in the counter so far compared with average daily volumes of 1612 shares in the past two weeks. The stock had hit a high of Rs 189.55 in intraday today. The stock had hit a low of Rs 181 in intraday today, which is also 52-week low for the counter. The stock hit a 52-week high of Rs 495 on 24 July 2018.
In a separate announcement, the company said its board approved issuing securities for an amount not exceeding Rs 150 crore.
Jay Bharat Maruti manufactures sheet metal components, assemblies and sub-assemblies. It is a dedicated ancillary to Maruti Udyog.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app