JBM Auto catches speed as its arm acquires stake in two companies
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JBM Auto is currently trading at Rs. 1488.00, up by 68.25 points or 4.81% from its previous closing of Rs. 1419.75 on the BSE.
The scrip opened at Rs. 1490.70 and has touched a high and low of Rs. 1490.70 and Rs. 1455.30 respectively. So far 25050 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,490.70 on 10-Jan-2022 and a 52 week low of Rs. 303.80 on 08-Jan-2021.
Last one week high and low of the scrip stood at Rs. 1,490.70 and Rs. 1106.15 respectively. The current market cap of the company is Rs. 7003.07 crore.
The promoters holding in the company stood at 67.54%, while Institutions and Non-Institutions held 0.94% and 31.52% respectively.
JBM Auto’s wholly owned subsidiary -- JBM Electric Vehicles has acquired 51% equity shares each in JBM Green Energy Systems and JBM EV Industries. After the aforesaid acquisition, JBM Green Energy Systems and JBM EV Industries have become indirect subsidiary companies of the Company. Both the companies acquired by JBM Electric Vehicles for its business purpose.
JBM Auto is the flagship company of JBM Group.
