Majestic Auto hits 20% upper circuit after Q3 numbers

The company's sales in the quarter rose 158.7% to Rs35.8cr as against Rs13.8cr in the corresponding quarter of the previous fiscal.

Jan 17, 2019 08:01 IST India Infoline News Service

IT Stocks Up
Shares of Majestic Auto hit the 20% upper circuit on the BSE on Thursday after the company announced its Q3FY19 numbers. The company has reported a net profit of Rs19cr in the quarter ended December 2018 as against a net loss of Rs1.4cr in the previous quarter ended December 2017.

Majestic Auto's sales in the quarter, meanwhile, rose 158.7% to Rs35.8cr as against Rs13.8cr in the corresponding quarter of the previous fiscal.

The stock has zoomed 54% in the last three trading session.

Majestic Auto Ltd share price is currently at Rs146.15, up Rs24.35, or 19.99%, from its previous close of Rs121.80 on the BSE. The scrip opened at Rs144.90 and has touched a high and low of Rs146.15 and Rs135.60, respectively.

The BSE group 'X' stock of face value Rs10 has touched a 52 week high of Rs221.70 on January 24, 2018, and a 52-week low of Rs84.25 on October 8, 2018. Last one week high and low of the scrip stood at Rs121.80 and Rs94, respectively.

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