India's JBM Auto hits record high after order wins

Jbm Auto

14/07/2023 05:00

** Shares of JBM Auto  JBMA.NS  rise as much as 17% to
1,539.6 rupees, a record high
    ** Stock's steepest intraday pct climb since Nov. 16, 2021
    ** Co on Thursday said it won orders for ~5,000 electric
buses to be supplied to various State Transmission Utilities
(STU) and other cos
    ** Over 462,000 shares change hands as of 9:17 a.m. IST,
0.3x the 30-day moving average
    ** Stock up 155% YTD, as of last close
    

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))