details

Peer companies

;

Share Market News

Majestic Auto is currently trading at Rs. 121.80, up by 20.30 points or 20.00% from its previous closing of Rs. 101.50 on the BSE.The scrip opened at Rs. 121.80 and has touched a high and low of Rs. 121.80 and Rs. 121.80 respectively. So far 5923 shares were traded on the counter.The BSE group `X` stock of face value Rs. 10 has touched a 52 week high of Rs. 221.70 on 24-Jan-2018 and a 52 week low of Rs. 84.25 on 08-Oct-2018.Last one week high and low of the scrip stood at Rs. 108.00 and Rs. 90.00 respectively. The current market cap of the company is Rs. 126.64 crore.The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.05% and 24.95% respectively.Majestic Auto has reported results for third quarter ended December 31, 2018.The company has reported a net profit of Rs 17.79 crore for the quarter under review against net loss of Rs 3.93 crore for the same quarter in the previous year. Total income of the company reported 17-fold jump at Rs 27.95 crore for Q3FY19 as compared Rs 1.64 crore for the corresponding quarter previous year.On the consolidated basis, the company reported a net profit of Rs 19.06 crore for the quarter under review against net loss of Rs 1.69 crore for the same quarter in the previous year. Total consolidated income of the company reported around 3-fold jump at Rs 36.49 crore for Q3FY19 as compared Rs 13.90 crore for the corresponding quarter previous year.

Majestic Auto is currently trading at its upper circuit limit of Rs. 122.40, up by 20.40 points or 20.00% from its previous closing of Rs. 102.00 on the BSE.The scrip opened at Rs. 122.40 and has touched a high and low of Rs. 122.40 and Rs. 122.40 respectively. So far 44552 shares were traded on the counter.The BSE group `XC` stock of face value Rs. 10 has touched a 52 week high of Rs. 132.00 on 04-Nov-2016 and a 52 week low of Rs. 86.25 on 23-Nov-2016.Last one week high and low of the scrip stood at Rs. 122.40 and Rs. 98.40 respectively. The current market cap of the company is Rs. 127.27 crore.The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 0.05% and 24.95% respectively.Majestic Auto has received an approval to consider sale of assets more than the net worth at such time in such form for an amount not exceeding Rs 300 crore. The board of directors at its meeting held on August 30, 2017 has approved for the same.Majestic Auto is engaged in the manufacturing of mufflers, fine blanking components, electricals, spokes, and two wheelers spare parts. The Company operates in four segments: Fine Blanking Components, Mufflers, Spokes and Electricals.

Majestic Auto vide its letter dated August 01, 2016 has submitted a copy of the Board Resolution passed at the Meeting of the Board of the Company held on May 16, 2016. The above information is a part of company’s filings submitted to BSE.

Majestic Auto has informed about Quarterly Statement on Investor Complaints / Grievances Redressal Mechanism for the Quarter ended March 31, 2016, under Regulation 13(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has informed about the Financial Results for the period ended September 30, 2015.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has submitted a copy of the Limited Review Report for the period ended September 30, 2015.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has informed that ICRA has reaffirmed the rating of the Company BBB on the long term scale and A2 for short term bank facilities.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has submitted a copy of scrutinizers report on resolutions duly passed at the Annual General Meeting of the Company held on September 30, 2015.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has submitted a copy of the minutes of 42nd Annual General Meeting (AGM) of the Company held on September 30, 2015.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has submitted the details of acquisition/investment made by the Company, pursuant to Clause 36 of the Listing Agreement and Guidance Note issued through Circular dated September 30, 2014.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has informed that the Board of Directors of the Company in its meeting held on August 14, 2015 has appointed Aayush Munjal as an Additional Director in the category of Executive and further designated as Whole Time Director of the Company subject to approval of share holders in the forth coming Annual General Meeting.The above information is a part of company’s filings submitted to BSE.

Majestic Auto has informed that the 42nd Annual General Meeting of the Members of the Company will be held at 11.00 A.M. on Wednesday, the 30th September 2015 at the premises of Mohini Resorts, Near Sector - 32, Chandigarh Road, Ludhiana-141010.The above information is a part of company’s filings submitted to BSE.