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      JBM Auto hits record high

      MoM Team / Mumbai, Sep 15, 2017 03:02 PM IST

        JBM Auto hits record high

        JBM Auto gained 2.7 percent to Rs 605 on BSE, with the stock extending recent strong surge.

        Meanwhile, the S&P BSE Sensex was up 26.09 points or 0.08 percent at 32,268.02. The S&P BSE Small-Cap index was up 21.90 points or 0.13 percent at 16,647.20.

        High volumes were witnessed on the counter. On the BSE, 2.06 lakh shares were traded in the counter so far as against average daily volume of 77,395 shares in the past one quarter. The stock hit a high of Rs 624.75 in intraday trade, which is also a record high for the stock. The stock had hit a low of Rs 571 so far during the day. The stock had hit a 52-week low of Rs 195 on 21 November 2016.

        The small-cap company has equity capital of Rs 20.40 crore. Face value per share is Rs 5.

        On consolidated basis, JBM Auto's net profit rose 5.07 percent to Rs 19.45 crore on 6.88 percent rise in total income to Rs 434.85 crore in Q1 June 2017 over Q1 June 2016. The result was announced earlier this month on 4 September 2017.

        From a close of Rs 421 on 4 September 2017, the stock has surged 43.81 percent in nine sessions to its ruling price.

        JBM Auto is the flagship company of JBM Group. The company is the leading manufacturer of auto components and buses in India.

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