India's JBM Auto most active in over 2 months

Jbm Auto

20/12/2022 06:55

** Shares of JBM Auto Ltd  JBMA.NS  mark their most active
trading session in over two months
    ** Around 1.1 mln shares change hands at 12:00 p.m. IST,
beating Monday's volume, but below its Oct. 12 peak
    ** Shares rise as much as 7%, their highest since May 18
    ** Auto systems and bus maker's share price is above 50-day
(420.22 rupees), 100-day (413.21 rupees) and 200-day (437.25
rupees) simple moving average, suggesting bullish momentum
    ** The relative strength index is above 70, suggesting the
stock may be overbought
    ** At current levels, stock up 4.7% for the year
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.Tandon@thomsonreuters.com))