Jay Bharat Maruti gains after strong Q1 earnings

Jay Bharat Maruti rose 2.29% to Rs 91.65 at 9:51 IST on BSE after net profit jumped 32.8% to Rs 6.76 crore on 9.91% growth in total income from operations to Rs 309.95 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced after market hours on Thursday, 10 July 2014.

Meanwhile, the S&P BSE Sensex was up 8.57 points or 0.03% at 25,381.32.

On BSE, so far 2,380 shares were traded in the counter as against average daily volume of 8,447 shares in the past two weeks.

The stock hit a high of Rs 93.75 and a low of Rs 90.10 so far during the day.

 

Jay Bharat Maruti is engaged in the business of manufacturing of components for automobiles. The company mainly caters to the needs of its joint venture partner viz. Maruti Suzuki India (MSIL).

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