1:2 Stock Split of Auto Stock: 31st January Record Date; Top Pick For 2025?

Indian automaker JBM Auto Limited produces a variety of products, including tools, buses, and sheet metal parts. It is the main business of the multinational conglomerate JBM Group, which has operations in more than 25 locations in 10 different countries. The $3.0 billion worldwide corporation JBM Group operates in more than 37 nations. Following the company's announcement of the record date for a 1:2 stock split, Jbm Auto's shares closed Friday's trading session 2.25% lower at Rs 1,460 per share, with a market capitalisation of Rs 17.26KCr.

JBM Auto Stock Split Record Date

"Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company has fixed Friday, 31 January, 2025 as the "Record date" for determining the eligibility of members for the purpose of sub-division/Split of the equity shares of the Company from Face Value of Rs. 2/- each fully paid-up to Face Value of Re. 1/- each fully paid-up," said the company in a stock exchange filing.

JBM Auto Financials

The net profit of JBM Auto Ltd increased by 11.45% to Rs 49.15 crore in the September quarter compared to the same period the previous year. Between July and September of FY 24, the company reported a net profit of Rs 44.10 crore. Net sales increased 4.47 per cent year over year to Rs 1,285.98 crore in the second quarter of FY25 from Rs 1,231 crore in Q2FY24, the business reported. Compared to Rs 147.47 crore in the corresponding quarter of FY 24, EBITDA climbed by 18.54% to Rs 174.81 crore for the September quarter of the current fiscal, according to JBM Auto.

JBM Auto Share Price Target

"JBM Auto stock price is bearish on the Daily charts with strong resistance at 1514. A Daily close below support of 1440 could lead to a target of 1338 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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