JBM Auto jumped 5.26% to Rs 338.30 after the company bagged an order to supply 700 BS-VI CNG buses to Delhi Transport Corporation (DTC).
In a regulatory filing made on Saturday (16 October 2021), JBM Auto said that it had received orders for supply of 700 JBM CITYLIFE fully air conditioned BS-VI CNG low-floor buses from Delhi Transport Corporation (Government of NCT of Delhi) vide its Letter of Award dated 15 January 2021. These orders will be executed in the coming months, it added.
JBM Auto is the flagship company of the JBM Group. The group has a diversified portfolio with presence in multiple domains such as automotive, engineering & design services, renewable energy, railways and original equipment manufacturer (OEM).
Nifty seen opening with 50 points down
January 18, 2021
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Domestic markets are expected to continue the downward slide, as trends from SGX Nifty indicate a gap-down opening of about 50 points. Tracking the weak global markets, the SGX Nifty is currently ruling at 14,414 as against the NIfty-50 Friday’s close of 14,458.
The US markets on Friday closed with a loss of 0.5-0.9 per cent while most Asian markets such as Japan, Korea, Taiwan and Singapore; and Australia are down by about one per cent. Even all the US futures Dow, Nasdaq and S&P 500 are down marginally.
It may be recalled that the BSE Sensex slumped 549.49 points at 49,034.67 and the Nifty50 161.90 points at 14,433.70.
Key benchmark indices are trading lower in early trade on selling pressure in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 228.47 points or 0.47% at 48,806.20. The Nifty 50 index was down 70.15 points or 0.49% at 14,363.55.
The S&P BSE Mid-Cap index was down 1.49%. The S&P BSE Small-Cap index was down 0.89%.
The market breadth, indicating the overall health of the market, is weak. On the BSE, 825 shares rose and 1315 shares fell. A total of 109 shares were unchanged.
Stocks in news:
HDFC Bank rose 1.17%. HDFC Bank reported 18.1% rise in net profit to Rs 8,758.29 crore on 4.1% increase in total income to Rs 37,522.92 crore in Q3 FY21 over Q3 FY20. Net interest income for the quarter ended 31 December 2020 grew by 15.1% to 16,317.6 crore from 14,172.9 crore for the quarter ended 31 December 2019, driven by advances growth of 15.6%, and a core net interest margin for the quarter of 4.2%.
HDFC Bank reported 18.1% rise in net profit to Rs 8,758.29 crore on 4.1% increase in total income to Rs 37,522.92 crore in Q3 FY21 over Q3 FY20. Net interest income for the quarter ended 31 December 2020 grew by 15.1% to 16,317.6 crore from 14,172.9 crore for the quarter ended 31 December 2019, driven by advances growth of 15.6%, and a core net interest margin for the quarter of 4.2%.
HDFC Bank said that the impact of COVID-19, including changes in customer behaviour and pandemic fears, as well as restrictions on business and individual activities, has led to significant volatility in global and Indian financial markets and a significant decrease in global and local economic activity, which may persist. While there has been a gradual pickup in economic activity since the easing of lockdown measures, the continued slowdown led to a decrease in loan originations, the sale of third-party products, the use of credit and debit cards by customers and the efficiency in collection efforts.