India's JBM Auto hits record high on govt order for 200 electric buses

Jbm Auto

09/11/2021 05:47

** Shares of auto systems and bus maker  JBMA.NS  soar as
much as 10.3% to a record high of 724.70 rupees    
    ** Co says https://bit.ly/3oeRzSw got order for supply of
200 electric buses for Delhi Transport Corporation under a
central govt policy
    ** JBMA did not disclose financial terms of the deal 
    ** Co in Sept got orders https://bit.ly/3kj78aT for supply
of 500 CNG and electric buses in cities including Delhi and
Bengaluru 
    ** JBMA shares mark biggest intraday pct gain since Oct. 13
in their third straight session of gains 
    ** More than 478,000 shares traded by 0522 GMT, 2.9 times
their 30-day avg of over 164,000 shares
    ** As of last close, JBMA up 136.4% this year 

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))