JBM Auto share price dropped more than 7 per cent in today’s trading session and made an intraday low of Rs 197.65. The intraday low of the share so far has touched Rs 219.30.
JBM Auto share price is currently trading at Rs 198.85, down by 6.93 per cent. A total of 1,23,406 shares of the company have been traded on the counter of NSE in today’s trading session. The total traded value is Rs 252.90 lacs. The share price opened at Rs 215.75 from a previous closing of Rs 213.65.
JBM Auto, the components maker posted 6.25 per cent rise in net profit at Rs 19.03 crores for the second quarter ended 30th September, 2016-17. It had posted a net profit of Rs 17.91 crores for the same period of last fiscal. Net sales of the company rose to Rs 451.78 crores for the second quarter, as compared to Rs 413.77 crores during the same period of previous fiscal, JBM Auto said in a filing.
According to JBM Auto Executive Director Nishant Arya the second quarter result has shown improved numbers due to the positivity in the market with an upsurge in demand for both passenger cars and commercial vehicles. The company has a pipeline of orders for next two quarters and there is a latent earning from bus division that will show up in the books in third quarter, he added.
In a regulatory filing to the Bombay Stock Exchange, the company announced its board considered various fund raising options and approved the enabling resolution for the purpose of raising of funds for an amount not exceeding Rs 500 crores subject to approval of the shareholders of the company.
JBM Auto is a multibagger stock based on its strong fundamental data consistently. Get the historical share price performance of JBM Auto at JBM Auto share price history.
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