JBM Auto Share price increased by 11.15 %, which is INR 694.75 on 16th April, 2025. This is an increase from their previous close, which is generally an increase. So here are several factors behind the jump of this company:
Strong Market Performance of JBM Auto
This company shows a strong performance with an 18.36% increase over the past week and a 39.70% rise over the last month. So the stock is now trading above its 5-day and 50-day moving averages. This shows the positive short-term acceleration.
Tender Announcement of Government E-Bus
The Indian government plans to launch a tender in May 2025 for procuring 10,000 electric buses under the PM E-Drive scheme, because of which they have a positive impact on their stock. Their initiative includes an INR 3000 crore, capped at INR 35 lakh per bus. And they aiming to enhance the electric mobility across the nine major cities.
Increased Trading Volume
The trading volume of this share reached 8.34 lakh. As this is significantly higher than the average daily volume of 71,037 shares over the past month. So this surge in trading activities has raised investor interest.
Also, check: Today, Nifty 50 jumps 2.19% – Know the reason
Conclusion
In conclusion, JBM Auto shares jumped 11.15%, where the strong market performance of JBM Auto, the tender announcement of government E-Bus, and increased trading volume all factors combined, have contributed to the notable rise in this share price.
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