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JBM Auto said it will supply CNG buses to Delhi Integrated Multi-Modal Transit System (DIMTS). It will also supply CNG buses for Airport tarmac applications to Spicejet & InterGlobe Aviation. The company supply electric buses (through its subsidiary company JBM Solaris Electric Vehicles) to Navi Mumbai Municipal Transport Corporation. The order will be fully executed before the end of current financial year ending March 31, 2020. The company has confirmed that all orders would be executed before 31 March 2020. Shares of JBM Auto soared 24.84% in two trading sessions to its current market price of Rs 210.05, from a recent closing low of Rs 168.25 on 4 October 2019. Meanwhile, the S&P BSE Sensex was up 97 points or 0.26% to 37,629.23. On the BSE, 37,130 shares were traded in the counter so far compared with average daily volumes of 27,806 shares in the past two weeks. The stock hit an intraday high of Rs 214.65 and an intraday low of Rs 185 so far during the day. The stock hit a 52-week high of Rs 328 on 12 November 2018. The stock hit a 52-week low of Rs 135 on 22 August 2019. JBM Auto's consolidated net profit fell 26.5% to Rs 15.08 crore on a 5.2% decline in net sales to Rs 397.57 crore in Q1 June 2019 compared with Q1 June 2018. JBM Auto is an automotive company that manufactures auto systems and city buses. The firm manufactures sheet metal components for automobiles, and tools and dies for automobiles. Its segments include sheet metal components, assemblies & sub-assemblies; tool, dies & moulds and bus division. Powered by Capital Market - Live News |