Jay Bharat Maruti spurts after strong Q4 results

Jay Bharat Maruti rose 12.72% to Rs 491.30 at 10:14 IST on BSE after net profit rose 72.1% to Rs 20.75 crore on 42.6% increase in net sales to Rs 483.67 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 19 April 2017.

Meanwhile, the S&P BSE Sensex was up 30.54 points, or 0.10% to 29,367.11.

On the BSE, 1.10 lakh shares were traded in the counter so far, compared with average daily volumes of 15,722 shares in the past one quarter. The stock had hit a high of Rs 506.75 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 466.30 so far during the day. The stock hit a 52-week low of Rs 138.10 on 18 July 2016.

The stock had outperformed the market over the past one month till 19 April 2017, rising 1.47% compared with 0.50% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.12% as against Sensex's 7.43% 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 profit rose 35.1% to Rs 53.77 crore on 17.3% increase in net sales to Rs 1526.63 crore in the year ended March 2017 over the year ended March 2016.

Jay Bharat Maruti is engaged in manufacturing components for automobiles.

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