India's Jamna Auto falls on lower Q4 profit

Jamna Auto Industries

30/05/2023 07:54

** Shares of Jamna Auto Industries Ltd  JMNA.NS  fall over
1.5% for second session in a row
    ** Stock ended 1.6% lower Monday ahead of Q4 results after
the bell
    ** The auto parts maker reports 7.7% slide in net profit as
3% rise in total costs more than offset a 1.3% rise in revenue
 urn:newsml:reuters.com:*:nFWN37O0AZ
    ** JMNA also declares a final dividend of 1.10 rupees/shr
    ** JMNS down ~2% at 100.10 rupees currently, with ~839k
shares traded, lower than pvs 2 sessions but 1.5x the 30-day avg
    ** Four of the five analysts tracking JMNA rate it "buy" and
one "hold"; median TP is 128 rupees - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))