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 standalone net profit rises 74.58% in the June 2024 quarter
 ( Results - Announcements 31-Jul-24   15:15 )
  Board of JBM Auto approves fund raising up to Rs 1,000 cr
 ( Corporate News - 31-Jul-24   16:26 )
  JBM Auto Ltd leads losers in 'A' group
 ( Hot Pursuit - 06-Jul-23   15:01 )
  JBM Auto consolidated net profit rises 111.73% in the June 2022 quarter
 ( Results - Announcements 09-Aug-22   14:16 )
  JBM Auto Ltd leads gainers in 'A' group
 ( Hot Pursuit - 14-Jul-23   12:00 )
  JBM Auto to hold board meeting
 ( Corporate News - 19-Oct-23   12:20 )
  JBM Auto to table results
 ( Corporate News - 03-Feb-23   12:59 )
  JBM Auto consolidated net profit rises 3.81% in the December 2022 quarter
 ( Results - Announcements 13-Feb-23   07:38 )
  JBM Auto schedules AGM
 ( Corporate News - 07-Aug-23   11:26 )
  JBM Auto board OKs stock split
 ( Hot Pursuit - 08-Dec-21   14:33 )
  JBM Auto to consider dividend
 ( Corporate News - 25-Apr-22   17:23 )
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