JBM Auto on a high

JBM Auto, yesterday, bagged an order for 200 electric buses from Delhi Transport Corporation (DTC). The order has been placed under the central government's FAME II electric vehicle policy.

Prior to this, it had received orders for BSVI CNG buses from Delhi Integrated Multi-Modal Transit System and also for supplying electric buses for Bengaluru Metropolitan Transport Corporation.

The stock price has reacted positively to this news. From its close of Rs.659.30, it opened much higher at Rs.679.90 and went on to hit a new high at Rs.724.80.