India's JBM Auto jumps to record high

Jbm Auto

03/04/2023 10:42

** Shares of Indian electric bus maker JBM Auto Ltd
 JBMA.NS  rise as much as 8.4% to  a record high of 698 rupees
    ** JBMA shares up for a fifth consecutive session, gaining
more than 11%
    ** Stock set for its longest winning run since Nov. 4, 2022,
if gains hold
    ** JBMA trading above its 50-, 100- and 200-day simple
moving average prices of 569.45 rupees, 516.55 rupees and 465.58
rupees, respectively
    ** Around 2.3 mln shares change hands by  2:54 p.m. IST,
2.9x their 30-day avg volume
    ** Stock currently up 7.2%, taking gains so far this year to
~34%

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))