Jay Bharat Maruti gains after good Q1 earnings

Jay Bharat Maruti rose 1.48% to Rs 455.60 at 09:33 IST on BSE after the company reported 32.81% rise in net profit to Rs 13.44 crore on 34.1% rise in net sales to Rs 505.93 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 16 July 2018.

Meanwhile, the S&P BSE Sensex was up 99.98 points or 0.28% at 36,423.75.

On the BSE, 18,000 shares were traded on the counter so far as against the average daily volumes of 2,428 shares in the past two weeks. The stock had hit a high of Rs 488.55 and a low of Rs 409.70 so far during the day. The stock had hit a record high of Rs 748.75 on 17 July 2017 and a 52-week low of Rs 368.15 on 28 March 2018.

 

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 manufacturing components for automobiles.

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