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Jay Bharat Maruti drops after declaring weak Q2 result

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Jay Bharat Maruti fell 3.82% to Rs 138.30 at 12:13 IST on BSE after net profit fell 18.9% to Rs 9.94 crore on 3.2% fall in net sales to Rs 312.28 crore in Q2 September 2015 over Q2 September 2014.

The Q2 result was announced after market hours yesterday, 15 October 2015.

Meanwhile, the S&P BSE Sensex was down 53.43 points or 0.2% at 26,956.71

On BSE, so far 4,107 shares were traded in the counter as against average daily volume of 4,359 shares in the past one quarter.

The stock hit a high of Rs 141 and a low of Rs 135.80 so far during the day. The stock had hit a 52-week low of Rs 124.50 on 12 June 2015. The stock had hit a record high of Rs 180.10 on 14 January 2015.

 

The stock had underperformed the market over the past one month till 15 October 2015, rising 4.96% compared with 5.07% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 2.31% as against Sensex's 4.21% decline.

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 the business of manufacturing of components for automobiles. The company mainly caters to the needs of its joint venture partner viz. Maruti Suzuki India.

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First Published: Oct 16 2015 | 12:24 PM IST

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