India's JBM Auto rises on potential govt e-bus contract

Jbm Auto

04/01/2023 10:07

** JBM Auto  JBMA.NS  shares reverse early losses to rise as
much as 3.64%
    ** The uptick comes after sources said that the company,
along with Ashok Leyland's Switch Mobility, PMI Electro Mobility
had emerged as the lowest bidder for a $362 mln e-bus tender
from the Indian govt  urn:newsml:reuters.com:*:nL4N33P1M8
    ** The companies did not immediately respond to queries sent
by Reuters
    ** More than 1.35 mln shares changed hands, as of 3:22 p.m.
IST, nearly thrice the 30-day avg. of 4,66,489 shares
    ($1 = 82.5750 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))