JBM Auto surges 9%
By
Research Desk
about 9 years ago
JBM Auto surged almost 9% to an intra day high of Rs.154.70. Its 52-week high and low stands at Rs.277 and Rs.134.80 respectively.
The stock is reacting positively to the news that it has developed 100% Electric Bus named "Ecolife". This is in partnership with European bus manufacturer Solaris Bus and Coach.
This bus will be unveiled at the Auto Expo, 2016 at Greater Noida today.
The company had ended Q3FY16 with an over 18% (YoY) rise in net profit at Rs.18 crore on a 4% jump in net sales at Rs.378 crore.