JBM Auto inches up as its arm incorporates wholly owned Subsidiary
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JBM Auto is currently trading at Rs. 1851.00, up by 6.70 points or 0.36% from its previous closing of Rs. 1844.30 on the BSE.
The scrip opened at Rs. 1855.00 and has touched a high and low of Rs. 1873.20 and Rs. 1850.00 respectively. So far 6074 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2417.30 on 19-Feb-2024 and a 52 week low of Rs. 1113.70 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 1964.45 and Rs. 1827.70 respectively. The current market cap of the company is Rs. 21808.32 crore.
The promoters holding in the company stood at 67.53%, while Institutions and Non-Institutions held 3.35% and 29.12% respectively.
JBM Auto’s subsidiary -- JBM Ecolife Mobility (JBMEco) has incorporated a wholly owned Subsidiary Company in the name of ‘Ecolife Mobility Odisha’ (EMOPL). Further, the EMOPL has received the Certificate of Incorporation on September 25, 2024 from Ministry of Corporate Affairs. Ecolife Mobility Odisha has been incorporated for operation, running and maintenance of electric buses, for Governments/ State Transport Undertakings (STUs).
JBM Auto is the flagship company of JBM Group. It is engaged in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories & maintenance contract of Buses.
