JBM Auto surged 11.65% to Rs 239 at 10:30 IST on BSE after the company said that the bus division of the company has received orders for 200 buses.
The company made the announcement during market hours today, 2 March 2015.
Meanwhile, the BSE Sensex was up 170.63 points, or 0.58%, to 29,558.72.
On BSE, so far 75,776 shares were traded in the counter, compared with an average volume of 27,427 shares in the past one quarter.
The stock hit a high of Rs 244.90 and a low of Rs 216.30 so far during the day. The stock hit a record high of Rs 309.90 on 13 November 2014. The stock hit a 52-week low of Rs 23 on 28 February 2014.
The stock had outperformed the market over the past one month till 28 February 2015, rising 4.59% compared with 0.67% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, gaining 1.86% as against Sensex's 2.33% rise.
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The small-cap firm has an equity capital of Rs 20.40 crore. Face value per share is Rs 5.
The orders constitute buses for city, staff, school, and tarmac applications. The company shall start the production of the buses this month i.e. March, 2015 onwards, JBM Auto said.
JBM Auto's consolidated net profit rose 59.6% to Rs 23.62 crore on 4% decline in total income to Rs 392.02 in Q3 December 2014 over Q3 December 2013.
JBM Auto is a part of JBM Group. JBM Group has a diversified portfolio to serve in the field of automotive, engineering & design services, renewable energy and education sectors and has an infrastructure of 35 manufacturing plants, 4 engineering & design centres across 18 locations globally.
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