JBM Auto strengthens on developing 100% Electric Bus ‘Ecolife’

JBM Auto is currently trading at Rs. 146.50, up by 4.10 points or 2.88% from its previous closing of Rs. 142.40 on the BSE.

The scrip opened at Rs. 142.70 and has touched a high and low of Rs. 154.70 and Rs. 142.70 respectively. So far 4,246 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 277.00 on 15-Apr-2015 and a 52 week low of Rs. 134.80 on 13-Aug-2015.

Last one week high and low of the scrip stood at Rs. 154.70 and Rs. 141.50 respectively. The current market cap of the company is Rs. 597.00 crore.

The promoters holding in the company stood at 61.97% while Institutions and Non-Institutions held 3.06% and 34.97% respectively.

JBM Auto has developed 100% Electric Bus named ‘Ecolife’ in partnership with renowned European Bus Manufacturer Solaris Bus and Coach, S.A (Solaris) and has unveiled it at Auto Expo, 2016 at Greater Noida on February 04, 2016.

JBM Auto company was originally set up in the year 1990, mainly to manufacture Tools, Dies and Moulds at Faridabad.