Hot Pursuit     06-Jul-23
JBM Auto tanks on profit booking
JBM Auto slumped 11.13% to Rs 1,327 on profit selling after a recent steep rally.
JBM Auto will replace HDFC in S&P BSE 500, effective Thursday, 13 July 2023.

The stock hit a record high of Rs 1,517.50 on 5 July 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 68% compared with 4.56% rise in the Nifty 50.

The scrip outperformed the market in past one quarter, jumping 85% compared with 10.50% rise in the Nifty 50.

The scrip outperformed the market in past one year, climbing 212% compared with 22% rise in the Nifty 50.

On the technical front, the stock's daily RSI (relative strength index) stood at 70.48. 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 919.65, 777.23 and 613.42, 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.

JBM Auto's consolidated net profit slumped 67.22% to Rs 28.07 crore on 5.8% decline in revenue from operations to Rs 1,010.06 crore in Q4 FY23 over Q4 FY22.

Previous News
  JBM Auto consolidated net profit rises 41.74% in the December 2023 quarter
 ( Results - Announcements 31-Jan-24   07:40 )
  JBM Auto Ltd leads gainers in 'A' group
 ( Hot Pursuit - 14-Jul-23   12:00 )
  JBM Auto fixes record date for final dividend for FY 20
 ( Market Beat - Reports 12-Sep-20   12:49 )
  Confidence Petroleum India Ltd leads gainers in 'A' group
 ( Hot Pursuit - 21-Aug-23   12:01 )
  JBM Auto to hold AGM
 ( Corporate News - 06-Sep-22   15:28 )
  JBM Auto to consider dividend
 ( Corporate News - 25-Apr-22   17:23 )
  JBM Auto to announce Quarterly Result
 ( Corporate News - 31-Jan-22   11:59 )
  JBM Auto Ltd leads losers in 'A' group
 ( Hot Pursuit - 06-Jul-23   15:01 )
  JBM Auto reports standalone net loss of Rs 23.21 crore in the June 2020 quarter
 ( Results - Announcements 12-Sep-20   12:33 )
  JBM Auto standalone net profit rises 95.60% in the June 2018 quarter
 ( Results - Announcements 07-Aug-18   17:25 )
  JBM Auto AGM scheduled
 ( Corporate News - 03-Sep-21   11:19 )
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