INSUBCONTINENT EXCLUSIVE:
Shares of bus maker - JBM Auto - rose as much as 17 per cent to hit fresh 52-week high of Rs 537 after the company informed exchanges that
it has received orders for supply of electric and compressed natural gas (CNG) buses
JBM Auto received order for supply of 500 CNG and electric buses from various entities.JBM Auto received one order for supply of BS VI CNG
buses for Delhi Integrated Multi-Modal Transit System Limited (DIMTS), JBM Auto said in an exchange filing
Other orders included supply of electric buses to Bengaluru Metropolitan Transport Corporation (BMTC), electric buses for Jhansi - Smart
City and electric buses for multiple corporate clients.JBM Auto shares have so far this year advanced nearly 100 per cent outperforming the
Nifty which has gained over 26 per cent during the same period of time.The Gurugram-based, JBM Auto sells buses under the brand name
Citylife.As of 12:33 pm, JBM Auto shares traded 11.47 per cent higher at Rs 512.20, outperforming the Sensex which was up 1.7 per cent.
