Majestic Auto zooms over 50% in three trading sessions on healthy Q3 nos

The stock locked in upper circuit of 20% for the second straight day after it reported a consolidated net profit of Rs 19.21 crore in Q3FY19, against loss of Rs 1.4 crore in year ago quarter.

Shares of Majestic Auto were trading at Rs 146 apiece, locked in upper circuit of 20 per cent for the second straight day on the BSE, after the company reported a consolidated net profit of Rs 19.21 crore in December 2018 quarter (Q3FY19). It had posted a loss of Rs 1.4 crore in year-ago quarter.

The consolidated revenue from operations jumped 2.5 times to Rs 35.78 crore during the quarter under review, against Rs 13.83 crore in previous year quarter.

In the past three trading days, the stock of Majestic Auto has zoomed 54 per cent from Rs