JBM Auto shares have gained 9962% in the last 10 years.
[ad_1]
It has an EPS of 10.28 on TTM basis and is currently trading at a PE of 95.55. As per the latest shareholding pattern of the company, mutual funds do not have any major stake while foreign investors hold a minor stake of 1.67 per cent. Retail investors hold 9.36 per cent stake in the company. JBM Auto’s sales have grown exponentially in the last ten years. It was Rs 1364 crore in the financial year 2013, which increased to Rs 3857 crore in 2023. During this period the profit of the company also increased from Rs 57 crore to Rs 124 crore.
how far can the price go
In the March quarter, the company’s revenue fell by about eight percent to Rs 964 crore, which was Rs 1055 crore in the fourth quarter of the financial year 2022. During this period the profit of the company stood at Rs 26.81 crore. Experts say that despite the strength during the last one year, there is a lot of power left in it. They say that if it declines then it should be bought. Vaibhav Kaushik, Research Analyst, GCL Broking said that the stock has given a strong break out above Rs 850 and can go up to Rs 1200. It can go up to Rs 1,100 in the near to short term.
[ad_2]
Source link
