JBM Auto hits over 7-month high in a volatile market; rises 26% in 2 weeks

Shares of JBM Auto rallied 9 per cent to hit over seven month high of Rs 516.45 in Tuesday’s intra-day trade, in an otherwise range-bound market. The stock of auto components & equipments company traded at its highest level since May 6, 2022.

In the past two weeks, it has rallied 26 per cent in an otherwise volatile market. In comparison, the S&P BSE Sensex was down 3 per cent, during the same period. Earlier, the stock hit a record high of Rs 676 on January 24, 2022.

On clarification on increase in volumes, JBM Auto on December