JBM Auto jumps as its arm incorporates wholly owned subsidiary
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JBM Auto is currently trading at Rs. 1372.00, up by 24.20 points or 1.80% from its previous closing of Rs. 1347.80 on the BSE.
The scrip opened at Rs. 1351.10 and has touched a high and low of Rs. 1384.00 and Rs. 1351.00 respectively. So far 806 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 1606.20 on 29-Aug-2023 and a 52 week low of Rs. 369.35 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 1435.00 and Rs. 1331.00 respectively. The current market cap of the company is Rs. 16223.51 crore.
The promoters holding in the company stood at 67.53%, while Institutions and Non-Institutions held 1.75% and 30.72% respectively.
JBM Auto’s subsidiary -- JBM Ecolife Mobility (JBMEco) has incorporated a company on September 27, 2023 in the name of Ecolife Mobility Bhubaneswar (EMBPL). The EMBPL is a wholly owned subsidiary of JBMEco. Further, the company has received the Certificate of Incorporation on September 27, 2023 from Ministry of Corporate Affairs (MCA).
The objective of acquisition is to carry on the business related to supply, operation, maintenance, dealers etc. of public transport type motor vehicles, electric buses, motor buses, lorries, ambulances, automobiles, and similar vehicle designed for the transport and allied products.
JBM Auto is the flagship company of JBM Group.
