JMT Auto gains as board to consider stock-split proposal

JMT Auto rose 3.4% to Rs 53.15 at 12:45 IST on BSE after the company scheduled a board meeting on 4 August 2016 to consider a 2-for-1 stock-split proposal.

The announcement was made after market hours yesterday, 1 August 2016.

Meanwhile, the S&P BSE Sensex was up 51.36 points or 0.18% at 28,054.48

On BSE, so far 5.58 lakh shares were traded in the counter as against average daily volume of 64,537 shares in the past one quarter. The stock hit a high of Rs 55.90 and a low of Rs 52.20 so far during the day. The stock had hit a record high of Rs 146 on 10 August 2015. The stock had hit a 52-week low of Rs 35.70 on 24 June 2016. The stock had outperformed the market over the past one month till 1 August 2016, gaining 30.79% compared with 3.16% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 2.84% as against Sensex's 9.36% rise.

The small-cap company has an equity capital of Rs 50.38 crore. Face value per share is Rs 2.

JMT Auto's net profit rose 39.5% to Rs 3.92 crore on 3.5% growth in net sales to Rs 88.48 crore in Q4 March 2016 over Q4 March 2015.

JMT Auto is one of the largest auto component manufacturers in the Eastern region with proven capabilities in heat treatment and gear manufacturing besides a variety of components for oil and gas industry.

Powered by Capital Market - Live News