JBM Auto Ltd shares surged 10.2% to ₹638.75 on the NSE, driven by optimism around upcoming government tenders for electric buses under the PM E-Drive scheme. The rally highlights investor confidence in JBM Auto’s EV leadership, with analysts expecting continued growth from strong order inflows and policy support.
JBM Auto Ltd (JBMA.NS) witnessed a sharp rally in its stock price, climbing 10.2% to ₹638.75 on the NSE, up from its previous close of ₹577.95. The surge reflects strong investor optimism driven by expectations of new electric bus orders and supportive government initiatives.
Stock Performance
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JBM Auto shares rose ₹60.80 intraday, marking one of the top gains in the auto ancillary segment.
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The rally placed JBM Auto among the leading performers on the Nifty 500 index.
Growth Drivers
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Market reports suggest the government is preparing tenders for 10,000 electric buses under the PM E-Drive scheme, fueling demand for manufacturers like JBM Auto.
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The company’s strong presence in the electric mobility space, particularly in buses, positions it to benefit from upcoming contracts.
Investor Sentiment
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Analysts highlight that consistent order wins and policy support for clean mobility are boosting confidence in JBM Auto.
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The stock’s sharp rise underscores investor belief in the company’s long-term growth trajectory within India’s EV ecosystem.
This rally reflects the broader momentum in India’s electric vehicle sector, where JBM Auto is emerging as a key player.
Sources: NSE Stock Data, CNBC-TV18, Moneycontrol