Stocks to Watch, 23 September: Stocks like Amber Enterprises India, Coforge, JBM Auto, Maruti Suzuki India, Alkem Laboratories, KEC International, Birla Corporation, Emkay Global Financial Services, Rail Vikas Nigam, and Brigade Enterprises will be in focus on September 23.
This is the largest ever e-bus deployment project undertaken by IFC, which is a World Bank Group entity.
Stocks to Watch, 12 September: Stocks like Infosys, Canara Bank, Lodha Developers, Bharat Forge, Consolidated Construction Consortium, NBCC, JBM Auto, Marico, GMR Power, Travel Food Services, RailTel Corporation of India, and Prostarm Info Systems will be in focus on September 12.
Heavy Industries Ministry will launch a tender in May 2025 to procure buses under PM E-DRIVE Scheme, reported CNBC-TV18 citing sources
Shares of JBM Auto are taking a breather, a day after a stellar 19 percent rally that it saw following a major e-bus order from the government.
Shares of JBM Auto Ltd. jumped to an intraday high of Rs 674 per share on the NSE, higher by 18.9 percent.
In October, the board of JBM Auto Ltd. approved splitting one of its shares with a face value of Rs 2 into two shares with a face value of Rs 1 each.
The scheme provides subsidies worth Rs 3,679 crore to encourage the use of battery-powered two and three-wheelers, ambulances, trucks, and other emerging EVs.
If the Nifty 50 climbs and sustains above 24,500, then a further rally towards 24,800-25,000 seems likely, while the support is placed at 24,300. Here are some trading ideas for the near term.
JBM Auto Share Price | In the quarter ended June 2024, the company's net profit jumped 98.6 percent at Rs. 55.75 crore from Rs 28.07 crore in year ago.
The Nifty 50 is likely to be rangebound with resistance at 23,100-23,200 and support at 22,800 in the coming sessions, while volatility is expected to be elevated ahead of the Lok Sabha election results.