JBM Auto gained 4.57% to Rs 183 at 12:09 IST on BSE on reports the company has yesterday, 23 June 2015 inaugurated its latest and state-of-the-art manufacturing plant in Sanand, Gujarat to manufacture components for Ford India.
Meanwhile, the S&P BSE Sensex was up 95.51 points or 0.34% at 27,899.88.
On BSE, so far 12,160 shares were traded in the counter, compared with an average volume of 14,384 shares in the past one quarter.
The stock hit a high of Rs 190 and a low of Rs 181 so far during the day. The stock hit a record high of Rs 309.90 on 13 November 2014. The stock hit a 52-week low of Rs 73.03 on 23 June 2014.
The stock had underperformed the market over the past one month till 23 June 2015, falling 18.45% compared with 0.55% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 19.02% as against Sensex's 1.38% fall.
The small-cap firm has an equity capital of Rs 20.40 crore. Face value per share is Rs 5.
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As per reports, the total investment of JBM Auto at the plant in Sanand is Rs 200 crore where components such as C-Pillar; D-Pillar; Cowl Top; Shotgun and high level sub-assemblies etc. shall be manufactured for Ford India.
JBM Auto's consolidated net profit fell 15.2% to Rs 17.58 crore on 1.4% decline in total income to Rs 376.34 crore in Q4 March 2015 over Q4 March 2014.
JBM Auto is a part of JBM Group. JBM Group has a diversified portfolio to serve in the field of automotive, engineering & design services, renewable energy and education sectors.
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