Multibagger from its 52-week low; Board likely to announce stock split!

The shares of the company have given 105 per cent returns to its investors in just 6 months and over 250 per cent in 3 years.

Jay Bharat Maruti Ltd informed the exchanges (BSE: 520066; NSE: JAYBARMARU) that a meeting of the Board of Directors of the company scheduled to be held on Tuesday, August 08, 2023, inter-alia, to consider and approve the following:

a) Unaudited financial results (standalone and consolidated) for the 1st quarter ended June 30, 2023.

b) Proposal for sub-division/ split of existing equity shares of the company having a face value of Rs 5 each in such manner as may be determined by the Board of Directors subject to such regulatory/ statutory approval as may be required including the approval of shareholders of the company.

c) Issue of Securities in terms of Sections 42, 62 and 71 of the Companies Act, 2013 subject to necessary approval including approval of shareholders.

Jay Bharat Maruti Limited in collaboration with Maruti Suzuki India Limited (MSIL), is the leading manufacturer of key auto components and assemblies such as exhaust systems, fuel fillers (fuel pipe), and suspension parts for passenger cars. Their manufacturing plants are located in Gurgaon, Bawal, Manesar (Haryana) and Gujarat.

On Tuesday, shares of Jay Bharat Maruti Ltd gained 0.02 per cent to Rs 311.15 per share with an intraday high of Rs 317 and an intraday low of Rs 309.65. This auto components company is a Small-Cap company having a market cap of Rs 1,350 crore.

The stock gave multibagger returns of per cent from its 52-week low of Rs 125 per share. The shares of the company have given 105 per cent returns to its investors in just 6 months and over 250 per cent in 3 years. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.