Jay Bharat Maruti fell 1.2% to Rs 148.50 at 12:27 IST on BSE, with the stock declining amid volatility after net profit rose 17.9% to Rs 7.97 crore on 4.1% growth in net sales to Rs 303.82 crore in Q1 June 2015 over Q1 June 2014.
The Q1 result was announced after market hours yesterday, 13 July 2015.
Meanwhile, the S&P BSE Sensex was down 42.72 points or 0.15% at 27,918.47.
On BSE, so far 11,000 shares were traded in the counter as against average daily volume of 4,220 shares in the past one quarter.
The stock was volatile. The stock fell as much as 3.45% at the day's low of Rs 145.10 so far during the day. The stock rose as much as 1.13% at the day's high of Rs 152 so far during the day. The stock had hit a 52-week low of Rs 81.25 on 15 July 2014. The stock had hit a record high of Rs 180.10 on 14 January 2015.
The stock had outperformed the market over the past one month till 13 July 2015, advancing 13.86% compared with the Sensex's 5.81% rise. The scrip had, however, underperformed the market in past one quarter, sliding 6.24% as against Sensex's 3.73% fall.
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 (MSIL).
Powered by Capital Market - Live News
