1588% Rally In 3-Yrs: Auto Ancillaries Stock Sets Record Date For Dividend

Auto Ancillaries sector company, JBM Auto Ltd on Thursday fixed September 9, 2023 as the record date for dividend. JBM Auto shares offered 158% return YTD and 1588% return in last 3-years. Last trading price of JBM Auto share is Rs 1343.00 apiece with intraday fall of 1.76%. Check details below:

JBM Auto Sets Record Date For Dividend: As per the BSE filing of JBM Auto dated August 3, 2023, "The Register of Members and Share Transfer Books of the Company shall remain closed from Sunday, the 10th September, 2023 to Saturday, 16th September, 2023 (both days inclusive) for the purpose of 27th Annual General Meeting of the Company and Payment of dividend, if any, declared in the Annual General Meeting."

The Company has fixed 9th September, 2023 as the "Cut-off Date" for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM or to attend the AGM through VC or OAVM and for the purpose of determining the members eligible to receive dividend for the financial year 2022-23, added the exchange filing.

Earlier, this year on May 10, JBM Auto recommended a final dividend of 65% i.e. Rs 1.30 per equity share of fully paid up equity share of Rs 2/- each for the year ended March 31, 2023.

JBM Auto Dividend History: The company declared 16 dividends since Aug 14, 2006. If the current share price of JBM Auto at Rs 1343.00 per share is considered, it offers a dividend yield of 0.07%.

JBM Auto Stock Performance & Return: Last trading price of JBM Auto share is Rs 1343.00 apiece on BSE. Its 52-week high price is Rs 1548.35 per share and 52-week low price is Rs 361.70 per share, respectively. It has a market capitalisation of Rs 15,868.77 crore. JBM Auto shares offered its shareholders return of 162% in last 6-months, 216% return in last 1-year, and 571% return in last 2-years. In last 5-years, JBM Auto surged 827%.

JBM Auto Recent Financial Performance: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 950.05 crore, down 6.19% as compared to its last quarter total income of Rs 1012.75 crore. It announced its net profit after tax at Rs 32.11 crore in recent quarter.

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