JBM Auto hits new high, stock zooms over 100% in five weeks

The stock hit a new high of Rs 624, zoomed 101% from Rs 310 on August 8, 2017 as compared to 3% rise in the S&P BSE Sensex

JBM Auto hit a new high of Rs 624, up 6%, extending its Thursday’s 7% rally on BSE on back of heavy volumes. The stock of auto ancillary Company has more than doubled in past five weeks. It zoomed 101% from Rs 310 on August 8, 2017 as compared to 3% rise in the S&P BSE Sensex.

JBM Auto had reported a consolidated net profit of Rs 19.40 crore in June quarter (Q1FY18). It posted profit of Rs 18.51 crore in previous year quarter, which includes exceptional one-time gain of Rs 11.05 crore. EBITDA (earnings before interest, tax, depreciation