Shares of electric bus manufacturer JBM Auto rallied 18% to hit a new 52-week high at Rs 1,548 in Friday’s trade on BSE after the company and its subsidiaries won orders for approximately 5,000 electric buses.
“We hereby inform you that JBM Auto Limited and its Subsidiaries (Company) have won orders for approx. 5000 electric buses for supplying to various STUs in the states of Gujarat, Haryana, Delhi, Telangana, Orissa among others, and multiple Fortune 500 companies coupled with leading corporates of the country,” the company said in an exchange filing.
