JMB Auto has been a multibagger stock at Dalal Street as the stock has zoomed about 330 per cent from its 52-week low at Rs 361.70 on September 29, 2022.
JBM Auto and its subsidiaries have received orders for roughly 5,000 electric buses for supply to multiple state transport undertakings, including Gujarat, Haryana, Telangana, Orissa and Delhi, as well as companies including those in the Fortune 500. JBM Auto s share price rose by 18% to hit an all-time high of INR1,548 in afternoon trading on BSE following the announcement