JBM Auto rises as its arm incorporates wholly owned subsidiary
JBM Auto is currently trading at Rs. 1180.05, up by 20.25 points or 1.75% from its previous closing of Rs. 1159.80 on the BSE.
The scrip opened at Rs. 1170.00 and has touched a high and low of Rs. 1193.00 and Rs. 1170.00 respectively. So far 728 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. 400.90 on 15-Dec-2022.
Last one week high and low of the scrip stood at Rs. 1260.50 and Rs. 1159.80 respectively. The current market cap of the company is Rs. 13714.30 crore.
The promoters holding in the company stood at 67.53%, while Institutions and Non-Institutions held 2.55% and 29.92% respectively.
JBM Auto’s subsidiary -- JBM Ecolife Mobility (JBMEco) has incorporated a company in the name of KA Ecolife Mobility (KEMPL). The KEMPL is a wholly owned subsidiary of JBMEco.
KA Ecolife Mobility has been incorporated to apply/ bidding for obtaining tender from various states government relating to the running, supply, operation, maintenance etc. of buses (electric buses/ CNG buses etc.), to carry on the business related to supply, operation, maintenance, dealers etc. of public transport type motor vehicles, motor buses, lorries, ambulances, automobiles, and similar vehicle designed for the transport and allied products and to carry on the supply, operation, dealers etc. of Trucks, Special Purpose Vehicle (SPV), motor-cycle, motor, scooters, three wheelers, four-wheeler, SUVs, E-rickshaw, Tractors and similar vehicle designed for the transport and allied products.
JBM Auto is the flagship company of JBM Group.
