Jay Bharat Maruti spurts up

Jay Bharat Maruti, a ‘non-Budget’ stock is doing pretty well today and this is on the back of its good performance for Q1FY15. The stock is currently up 3% at Rs.92, with a intra day high at Rs.93.75.

The company yesterday declared its numbers wherein on a 10% (YoY) rise in total income at Rs.310 crore, the company posted a 33% rise in net profit at Rs.7 crore. Major cost reduction and higher other operating income helped. For more details kindly read Result Analysis.