Hot Pursuit     17-Mar-23
JBM Auto gallops on value buying
JBM Auto jumped 8.28% to Rs 620.45 on bargain hunting after recent steep slide.
Shares of JBM Auto slumped 11% in the past four sessions.

The stock hit a 52-week high of Rs 673 on 10 March 2023. The stock hit a 52-week low of Rs 361.70 on 28 September 2022.

The stock outperformed the market over the past one month, rising 11.89% compared with 5.02% fall in the Sensex.

The scrip outperformed the market in past one quarter, jumping 50.10% compared with 5.54% decline in the Sensex.

The scrip outperformed the market in past one year, climbing 34.27% compared with 0.13% rise in the Sensex.

On the technical front, the stock's daily RSI (relative strength index) stood at 60.64. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 549.89, 494.06 and 455.59, respectively.

JBM Auto is engaged in the automotive business that manufactures and sell sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories & maintenance contract of buses.

On a consolidated basis, net profit of JBM Auto rose 3.81% to Rs 34.33 crore and net sales rose 16.05% to Rs 953.05 crore in Q3 December 2022 over Q3 December 2021.

Previous News
  JBM Auto to hold board meeting
 ( Corporate News - 19-Oct-23   12:20 )
  Volumes soar at JBM Auto Ltd counter
 ( Hot Pursuit - 20-Dec-22   14:30 )
  JBM Auto consolidated net profit rises 43.00% in the September 2022 quarter
 ( Results - Announcements 07-Nov-22   08:07 )
  JBM Auto to discuss results
 ( Corporate News - 24-Apr-24   11:24 )
  JBM Auto Ltd leads gainers in 'B' group
 ( Hot Pursuit - 12-Oct-22   12:15 )
  JBM Auto to announce Quarterly Result
 ( Corporate News - 28-Oct-22   11:13 )
  JBM Auto consolidated net profit rises 13.39% in the March 2019 quarter
 ( Results - Announcements 29-May-19   15:09 )
  JBM Auto jumps 16% in four days
 ( Hot Pursuit - 20-Dec-22   15:05 )
  JBM Auto reports consolidated net profit of Rs 12.19 crore in the June 2021 quarter
 ( Results - Announcements 11-Aug-21   14:56 )
  JBM Auto revises AGM date
 ( Corporate News - 18-Nov-20   12:52 )
  Volumes soar at JBM Auto Ltd counter
 ( Hot Pursuit - 12-Oct-22   14:30 )
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