India's Jay Bharat Maruti hits 1-week low on profit drop

Jay Bharat Maruti

08/02/2023 07:08

** Shares of Jay Bharat Maruti Ltd  JYBM.NS  fall as much as
3.6% to 147.5 rupees, lowest since Jan. 30
    ** Sheet metal manufacturer reported a 9.7% fall in Dec-qtr
profit to 67 mln rupees due to rising input costs
    ** Revenue from operations rose 5.7% to 5.35 bln rupees
    ** Stock trading below its 50-day, 100-day, and 200-day
moving averages
    ** Trade volume slightly above 30-day avg of ~13,300 shares
as of noon IST
    ** Stock was down 7.9% last year
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))