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This Multibagger Auto Ancillary Stock Recommends 50% Dividend: Check Details
JBM limousine Ltd is a small-cap company in the auto ancillaries category with a market cap of Rs 5,930.68 Crore. The Board of Directors, in its meeting on May 2, 2022, recommended a 50% dividend, i.e. Rs 1/- each fully paid up equity share of Rs 2/-each, for the fiscal year ended March 31, 2022.
"The Board at its meeting held on 02nd May, 2022 has recommended a dividend @ 50 % i.e. Rs 1/- per share (on fully paid up equity share of Rs 2/-each) for the year ended 31st March 2022 subject to the approval of members in the next Annual General Meeting," the company has said by informing BSE.
During the fiscal year ended March 31, 2022, the firm recorded a total consolidated income of Rs. 1077.22 crores, up from Rs. 749.06 crores in the previous fiscal year. In the quarter ended March 31, 2022, the firm reported a standalone net income of Rs 1,060.79 Cr, up from Rs 743.17 in the year-ago quarter. The firm recorded an EPS of Rs. 7.26 for the quarter ended March 31, 2022, compared to Rs. 2.77 for the same quarter in the previous year. During the financial year ended March 31, 2022, the company recorded a total consolidated income of Rs.3214.04 crores, compared to Rs.1994.01 crores during the financial year ended March 31, 2021. Total standalone income for the financial year ended March 31, 2022 is Rs 3,192.39 crore, up from Rs 1,978.61 crore for the financial year ended March 31, 2021.
On the BSE, the company's shares have risen from Rs 164 on May 5, 2021 to Rs 527.15 as of 4 May 2022, 3:30 pm IST, showing a multibagger return of 221.43 per cent in a year. On a year-to-date (YTD) basis, the stock has gained by 6.56 per cent. The stock has climbed by 99.89 per cent in the previous six months, and it has appreciated by 5.82 per cent in the last month. The stock has dropped -3.73 per cent in the last five trading days, and on Wednesday's closing session, it closed at a market price of Rs 527.15, up +25.10 (5.00 per cent) from the previous close of Rs 502.05.
The stock reached a 52-week high of Rs 675.98 on January 24, 2022, and a 52-week low of Rs 154.40 on May 3, 2021, and it is currently trading 22 per cent near its 52-week high. The company now has a dividend yield of 0.18 per cent at its current share price of Rs 527.15. According to Bloomberg Quint, JBM limousine Ltd. is now trading higher than the 50-day, 100-day, and 200-day moving averages, but lower than the 5-day and 20-day moving averages.
