Jamna Auto on the high street

Jamna Auto is on the high street. Volumes have zoomed over 25 times and the stock hit a new 52-week high at Rs.275 and currently remains over 9% up.

The market is thrilled to bits with its Q4FY15 performance. Thanks to lower base effect and higher topline, the company, for Q4FY15, posted a 5 times rise in consolidated net profit of Rs.15 crore on a 40% jump in net sales at Rs.336 crore. The company ended FY15 also on a good note, with a 29% jump in net profit at Rs.107 crore.

The market is also happy that the Board has approved sub-divide (stock split) of each equity share of the company having a face value of Rs.10 each into 2 equity shares of the face value of Rs.5 each.