India's JBM Auto rises on electric bus supply deal

Jbm Auto

28/08/2024 09:22

** Shares of JBM Auto  JBMA.NS  jump 4% in above avg vols 
    ** Busmaker said unit signed deal with Indian intercity bus
service LeafyBus to supply 200 electric buses
    ** Co did not give financial details of the deal 
    ** Stock was up 1.3% before the announcement 
    ** Trading volumes, which jumped sharply post announcement,
are at 2x the 30-day avg 
    ** Stock up about 35% YTD, eyes fourth straight year of
gains 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))