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Jay Bharat Maruti soars after strong Q4 numbers; boards OKs 1:1 bonus issue

Jay Bharat Maruti surged 7.87% to Rs 287.05 after the company s consolidated net profit jumped 105.4% to Rs 20.17 crore in Q4 FY21 from Rs 9.82 crore in Q4 FY20. Net sales increased 34.9% to Rs 540.98 crore in Q4 FY21 over Q4 FY20. Profit before tax in the fourth quarter stood at Rs 31.66 crore, up by 125.3% from Rs 14.05 crore reported in the same period last year. The auto component maker reported 7.1% drop in consolidated net profit to Rs 26.23 crore on 9.6% fall in net sales to Rs 1499.07 crore in the year ended 31 March 2021 over the year ended 31 March 2020. The company s board has recommended issuing bonus equity shares in the proportion of 1:1, i.e. one bonus equity share for every one equity share held as on record date, subject to necessary approvals.

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Nifty to tumble over 130 points on weak global cues - The Hindu BusinessLine

Nifty to tumble over 130 points on weak global cues April 30, 2021 Spotlight will be on quarterly results and progress of Covid-19 vaccination Indian markets are expected to open slightly lower on Friday, amidst weak global cues emanated from Asian markets. The SGX Nifty, which currently rules at 14,770 at the Singapore Stock Exchange, indicates at least 130 points gap-down opening for Nifty futures, which on Friday closed at 14,901. According to analysts, the focus will be on progress in Covid pandemic and corporate results. Though the US market closed on strong note overnight, Asian markets from Japan, to Korea; and Australia to Taiwan are ruling weak in early trade on Friday, as China’s crackdown on technology firms affected the sentiment. The US market overnight ended firm due to strong GDP data.

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bse-nse-sensex-today-stock-market-latest-update-april-30-2021-share-market-trade-bse-nifty-sensex-live-news-updates | बैंकिंग और FMCG शेयरों में बिकवाली का दबाव, लगभग 500 पॉइंट गिरा सेंसेक्स, 14,775 के पास आया निफ्टी

bse-nse-sensex-today-stock-market-latest-update-april-30-2021-share-market-trade-bse-nifty-sensex-live-news-updates | बैंकिंग और FMCG शेयरों में बिकवाली का दबाव, लगभग 500 पॉइंट गिरा सेंसेक्स, 14,775 के पास आया निफ्टी
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Jay Bharat Maruti soars on bonus issue plan

At the same meeting, the board will also consider Q4 results and recommend dividend, if any. Jay Bharat Maruti manufactures sheet metal components, assemblies and sub-assembles and is a dedicated ancillary to Maruti Udyog. The company s consolidated net profit surged 163.77% to Rs 17.91 crore in Q3 FY21 from Rs 6.79 crore in Q3 FY20. Net sales increased by 23.16% YoY to Rs 496.03 crore during the quarter. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we con

Jay bharat marutiMaruti udyogBharat marutiCapital marketஜெய் பாரத் மாருதிமாருதி உதியோக்பாரத் மாருதிமூலதனம் சந்தை

Jay Bharat Maruti standalone net profit rises 163 19% in the December 2020 quarter

Jay Bharat Maruti standalone net profit rises 163 19% in the December 2020 quarter
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