174.65% Rise In 6 Months: Auto Stock Hit 52-Week High After Receives Large Order, Rally 11.57%

Shares of auto parts and electric bus major JBM Auto today hit a new 52-week high, closed at 11.57% higher compared to its previous close. Its shares have gained momentum due to the receipt of large orders. The company received an order for approx. 5000 electric buses for supplying to various STUs in the states and multiple Fortune 500 companies coupled with leading corporates of the country. Know more here:

According to a regulatory filing by the Board of Directors of JBM Auto Ltd., "In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("SEBI Listing Regulations") amended from time to time, we hereby inform that JBM Auto Limited and its Subsidiaries (Company) have won orders for approx. 5000 electric buses for supplying to various STUs in the states of Gujarat, Haryana, Delhi, Telangana, Orissa among others and multiple Fortune 500 companies coupled with leading corporates of the country. Different applications such as city bus, staff bus, tarmac coach, etc. in both, 9 meters and 12 meters categories will be delivered for these orders. With a healthy order book in place, your Company is well poised to further consolidate its position as an end to end electric-mobility solution provider with indigenously developed vehicle technology, battery technology and charging solutions. Your company is ready to serve the emerging market requirements in the electric-mobility domain, thereby, gaining new market access and expanding our market share."

Stock Movement

On Friday, the stock of JBM Auto closed 11.57% higher at Rs 1467.30 apiece. The stock hit an intraday high of Rs 1548.35 apiece and an intraday low of Rs 1440 apiece. Today, the stock hit a new 52-week high at Rs 1548.35 apiece, while it hit 52-week low at Rs 361.70 apiece on Sep 28, 2022.
The stock jumped 8.77% in the past 1 week, while in the past 1 month, it jumped 53.70%. In the past 3 and 6 months, the stock jumped 93.63% and 174.76%, respectively. It gave 237.87% multibagger return in 1 year. In the past 2 years, it gave 632.06% multibagger return. In the past 3 years. It gave 1702.46% multibagger return. In the past 5 and 10 years, it gave 1027.92% and 27273.13% string returns.

About - JBM Auto Ltd.

JBM Auto Ltd is an India-based midcap company engaged in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds and buses including the sale of spare parts accessories & maintenance contracts of Buses. The company is also an original equipment manufacturer (OEM) as it is engaged in the production of passenger buses. The company has a market valuation of Rs 17,349.22 Crore.