This Electric Bus manufacturer stock rise 13% after it hopes on securing order of 10000 buses tender under PM E-drive CESL to issue tender for 9 Cities with 3000 crore subsidy.
Share price of JBM AUTO LTD opens 633/share in morning which goes up till 705/share and analyst become bullish in this counter after share breaks the major resistance.
JBM AUTO LTD is a leading manufacturer of electric buses in India, integrated businesses across the value chain and seamlessly diversified into new sectors. From manufacturing our own buses, to providing holistic and sustainable solutions for the future through our EV ecosystem business segment and also taken steps to spearhead Mobility 2.0 – that is, Cleaner, Greener and Safer.
Company sales in Q4 was 1396 cr vs last quater it was 1286 cr, Profit in Q4 was 56cr vs last Quater it was 53cr
Disclamier:
This article is purely for educational purpose, please for any investment first ask your financial advisor
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