Jay Bharat Maruti fell 3.94% to Rs 250 after consolidated net profit fell 39.21% to Rs 6.79 crore on 12.1% decline in net sales to Rs 402.74 crore in Q3 December 2019 over Q3 December 2018.
Consolidated profit before tax (PBT) fell 40% to Rs 10.55 crore in Q3 December 2019 over Q3 December 2018. The result was announced after market hours yesterday, 21 January 2020.
The stock has hit a 52-week high of Rs 321.5 on 12 March 2019 and a 52-week low of Rs 133.1 on 05 August 2019.
In the past one year, the stock jumped 6.36% to its current market price of Rs 250. On the technical front, Jay Bharat Maruti's RSI (relative strength index) stood at 58.73. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.
Jay Bharat Maruti manufactures sheet metal components, assemblies and sub-assembles and is a dedicated ancillary to Maruti Udyog.
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