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Jamna is the largest spring manufacturer in India and 2nd largest manufacturer in the world.
Recent correction in the stock has made valuations attractive for the long term
Automobiles sector will report a stellar quarter in Q1 led by strong recovery in rural demand, government spending on infrastructure, new launches and low base with Ashok Leyland, Bajaj Auto, Hero MotoCorp, Lumax Auto, JBM Auto and Jamna Auto being the top picks from the space.
Market leadership, marquee clientele, operating leverage, reduced debt and strong financial performance should support earnings going forward
Net Sales are expected to increase by 39.5 percent Y-o-Y (up 14.2 percent Q-o-Q) to Rs. 540 crore, according to HDFC Securities.
Market leadership, a strong uptick in CVs, marquee clientele, operating leverage, and strong financial performance should support valuation for some of these companies, going forward
The company reported a strong quarter with a 7.4 percent rise in revenue to Rs 281.6 crore and operational efficiency (EBITDA) improved 63 percent to Rs 35.7 crore in the third quarter of FY16.
This earnings season, CNBC-TV18‘s Varinder Bansal gets you companies that have stood out in terms of outstanding quarter (Q3) numbers. The stocks to watch out for are P&G Hygiene, TVS Srichakra, Jamna Auto, and Caplin Point.
The company‘s net profit grew 381 percent to Rs 15.3 crore and total income rose 24 percent to Rs 317.7 crore in the second quarter.
Randeep Singh Jauhar, CEO & Executive Director, Jamna Auto, discusses company's fourth quarter earnings and future outlook.