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    Buy Jamna Auto Industries, target price Rs 106: Yes Securities

    Synopsis

    Jamna Auto Industries Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap for the year ending 31-Mar-2021.

    buy
    Promoters held 50.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 7.36 per cent, DIIs 11.56 per cent.
    Yes Securities has buy call on Jamna Auto Industries with a target price of Rs 106. The current market price of Jamna Auto Industries is Rs 98.

    Time period given by analyst is Intra Day when Jamna Auto Industries Ltd. price can reach defined target.

    Jamna Auto Industries Ltd., incorporated in the year 1965, is a Small Cap company (having a market cap of Rs 3883.03 Crore) operating in Auto Ancillaries sector.

    Jamna Auto Industries Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 295.79 Crore, down -39.31 % from last quarter Total Income of Rs 487.40 Crore and up 347.92 % from last year same quarter Total Income of Rs 66.04 Crore. Company reported net profit after tax of Rs 19.49 Crore in latest quarter.

    Investment Rationale
    Series of ascending tops and bottoms remain intact. Sustenance above important averages is likely to keep the near term outlook positive.


    Promoter/FII Holdings
    Promoters held 50.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 7.36 per cent, DIIs 11.56 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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