JBM Auto at new high ahead of board meet for stock split, up 87% in 1 month

Shares of JBM Auto continued their northward movement, and rallied 11 per cent to Rs 1,147.95 on the BSE in Monday’s early morning deals ahead of the company's board meeting to consider stock split from face value of Rs 5 to a lower denomination.

JBM Auto on November 19, 2021 said that the board of directors of the company is scheduled to meet on Wednesday, December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each and matters related thereto. Since then, the stock has surged 29 per