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Shares of JBM Auto jumped 19.11% to Rs 58.60 while Jay Bharat Maruti jumped 3.03% to Rs 40.75.
Meanwhile, the BSE Sensex was up 39.43 points, or 0.25%, to 15,978.79
JBM Auto underperformed the market over the past one month till 3 January 2012, falling 16.11% compared with the Sensex's 5.39% decline. The scrip had also underperformed the market in past one quarter, sliding 23.19% as against 1.31% fall in the Sensex.
Jay Bharat Maruti underperformed the market over the past one month till 3 January 2012, falling 14.49% compared with the Sensex's 5.39% decline. The scrip had also underperformed the market in past one quarter, sliding 33.19% as against 1.31% fall in the Sensex.
JBM group acquired majority stake in Tesco GO through subsidiary JBM Cadmium, reports added. Tesco Go was founded in 1968 as a provider of engineering services for Italian and international clients in automobiles, aerospace and railways.
JBM group owns several auto parts companies, including JBM Auto and Jay Bharat Maruti.
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