JBM Auto's stock has witnessed a significant surge, with a 23% increase in the last month, a remarkable 75% return to its investors in the last 6 months, and a 40% rise in shares so far this year. The underlying reason for this boom is not immediately apparent and requires further investigation.
JBM Auto, an auto component maker, witnessed a gain of 4.56% in its share price on Thursday, closing at Rs 734 on NSE. The stock also touched its 52-week high of Rs 738 in intraday. In January, the company unveiled its first self-designed electric luxury coach named 'Galaxy' at the Auto Expo 2023, which was manufactured by JBM Auto itself. JBM Auto also introduced three new products in the electric bus series for different segments including city, staff, and school.
jbm auto statement
According to Nishant Arya, the Vice Chairman of JBM Auto, the company is committed to investing in green mobility solutions and is the only one in the Indian market to offer a complete EV ecosystem.
company's quarterly results
JBM Auto reported a consolidated net profit of Rs 34.33 crore for the December quarter, representing a marginal growth of 3.81% compared to the same quarter last year. The net sales of the company increased by 16.05% during this period, reaching Rs 953.05 crore, while EBITDA grew by 21.92% to Rs 114.75 crore.
How is the performance of stocks?
In terms of stock performance, JBM Auto's shares have gained 23% in the last month, 75% in the last 6 months, and 40% so far this year. Its investors have also enjoyed a handsome return of 319% in the last 5 years.
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