JBM: shares surge 14% on orders for 500 CNG/electric buses

JBM Share Surges to 14%

JBM Share Surges to 14%

JBM Auto proportion fee surged over 14 percentage intraday on September 23 after the business enterprise bagged orders for deliver of 500 CNG/electric powered buses.
The corporation in an alternate submitting stated it has obtained orders for deliver of 500 CNG/electric powered buses such as BS VI CNG buses for Delhi Integrated Multi-Modal Transit System Limited, electric powered buses for Bengaluru Metropolitan Transport Corporation (BMTC), electric powered buses for Jhansi, Uttar Pradesh and electric powered buses for more than one company clients. 

These orders might be done withinside the modern-day monetary year, it added. The inventory become buying and selling at Rs 515.00, up Rs 55.50, or 12.08 percent. It has touched a 52-week excessive of Rs 537. The scrip was trading with volumes of 33,317 shares, compared to its five day average of 5,236 shares, an increase of 536.33 percent. 

The company in another exchange filing declared final dividend on equity shares at 30 percent equivalent to Rs 1.50 per equity share (on fully paid-up equity share of Rs 5 each) of the company. On Tuesday, after the corporation introduced receipt of a couple of orders for deliver of three hundred buses from Delhi Integrated Multi-Modal Transit System Limited (DIMTS), Navi Mumbai Municipal Transport Corporation (NMMTC) and airways companies. 

The enterprise, in a BSE filing, knowledgeable the exchanges that it has acquired orders for deliver of compressed herbal gas (CNG)-run buses to DIMTS, and to Spicejet and InterGIobe Aviation (Indigo Airlines) for Airport tarmac applications. “The organization has acquired electric powered buses orders (thru its subsidiary agency JBM Solaris Electric Vehicles Private Limited) from Navi Mumbai Municipal Transport Corporation (NMMTC),” it added.
 

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