Majestic Auto hits the roof

Majestic Auto was locked in 20% upper circuit filter at Rs 146.15 at 15:21 IST on BSE, with the stock extending recent gains after turnaround Q3 result.

Meanwhile, the S&P BSE Sensex was up 19.20 points or 0.05% at 36,340.49

On the BSE, 1.23 lakh shares were traded on the counter so far as against the average daily volumes of 5,101 shares in the past two weeks. The stock had hit a high of Rs 146.15 and a low of Rs 135.60 so far during the day.

On a consolidated basis, Majestic Auto reported a net profit of Rs 19.21 crore in Q3 December 2018, compared with net loss of Rs 1.40 crore in Q3 December 2017. Net sales rose 158.71% to Rs 35.78 crore in Q3 December 2018 over Q3 December 2017. The result was announced after market hours on 15 January 2019.

 

Majestic Auto is a manufacturer of sheet metal components.

Powered by Capital Market - Live News