India's JBM Auto rises after unit's order win

Jbm Auto

23/12/2024 04:10

** Shares of JBM Auto Ltd  JBMA.NS  rise as much as 4.9% to
1,720 rupees
    ** Auto parts maker says its unit got contracts as a bus
operator for 343 electric buses for Ahmedabad BRTS and some
corporates; order valued at 18 billion rupees ($211.67 million)
    ** Stock on track to snap 6-month losing streak; has gained
7.3% so far this month
    ** More than 174,000 shares traded as of 9:38 a.m. IST, vs
their 30-day moving avg of 223,581 shares
    ** JBMA last up 2.2%, adding to YTD gains of 14.3%


($1 = 85.0370 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))