JBM Auto Announces Record Date for Stock Split, Shares Decline
10th Jan 2025
Stock Split Details
Shares of JBM Auto Ltd. were trading lower despite the auto parts firm fixing Friday, January 31, 2025 as the record date for a stock split. JBM Auto shares fell 1.5% to Rs 1,470 on the BSE, with the company's market capitalization slipping to Rs 17,383 crore. A total of 7,801 shares were traded, amounting to a turnover of Rs 1.15 crore.
Financial Performance
In the September 2024 quarter, JBM Auto reported a consolidated revenue of Rs 1,286 crore, marginally higher than the Rs 1,231 crore revenue in the same period of the previous fiscal. Net profit in Q3 also saw a marginal increase from the year-ago quarter, rising to Rs 49 crore from Rs 44 crore.
Company Overview
JBM Auto Limited is a manufacturer of auto systems with a presence in the e-mobility space. The company manufactures and sells sheet metal components, tools, dies and moulds, and buses, including the sale of spare parts, accessories, and maintenance contracts of buses. The relative strength index (RSI) of the stock stands at 37.7, indicating it is trading neither in the overbought nor the oversold zone. JBM Auto stock has a one-year beta of 1, suggesting average volatility during the period.
Shares of JBM Auto Ltd. were trading lower despite the auto parts firm fixing Friday, January 31, 2025 as the record date for a stock split. JBM Auto shares fell 1.5% to Rs 1,470 on the BSE, with the company's market capitalization slipping to Rs 17,383 crore. A total of 7,801 shares were traded, amounting to a turnover of Rs 1.15 crore.
Financial Performance
In the September 2024 quarter, JBM Auto reported a consolidated revenue of Rs 1,286 crore, marginally higher than the Rs 1,231 crore revenue in the same period of the previous fiscal. Net profit in Q3 also saw a marginal increase from the year-ago quarter, rising to Rs 49 crore from Rs 44 crore.
Company Overview
JBM Auto Limited is a manufacturer of auto systems with a presence in the e-mobility space. The company manufactures and sells sheet metal components, tools, dies and moulds, and buses, including the sale of spare parts, accessories, and maintenance contracts of buses. The relative strength index (RSI) of the stock stands at 37.7, indicating it is trading neither in the overbought nor the oversold zone. JBM Auto stock has a one-year beta of 1, suggesting average volatility during the period.