Jamna Auto Industries share price: Buy Jamna Auto Industries, target price Rs 106: Yes Securities

Yes Securities has buy call on with a target price of Rs 106. The current market price of Jamna Auto Industries is Rs 98.

Time period given by analyst is Intra Day when Jamna Auto Industries Ltd. price can reach defined target.

Jamna Auto Industries Ltd., incorporated in the year 1965, is a Small Cap company (having a market cap of Rs 3883.03 Crore) operating in Auto Ancillaries sector.



Jamna Auto Industries Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 295.79 Crore, down -39.31 % from last quarter Total Income of Rs 487.40 Crore and up 347.92 % from last year same quarter Total Income of Rs 66.04 Crore. Company reported net profit after tax of Rs 19.49 Crore in latest quarter.

Investment Rationale
Series of ascending tops and bottoms remain intact. Sustenance above important averages is likely to keep the near term outlook positive.

Promoter/FII Holdings
Promoters held 50.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 7.36 per cent, DIIs 11.56 per cent.

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