The share price of this auto company has zoomed 100% in just two months

JBM Auto is cautiously optimistic for FY22 due to higher spend in infrastructure, PLI scheme, scrappage policy and the work done so far within the company.

Shares of JBM Auto hit a new high of Rs 914, zooming 18 per cent on the BSE in Tuesday’s intra-day trade on strong outlook. In the past two months, the stock price of the auto parts & equipment has zoomed 100 per cent after receiving multiple orders for supply of electric buses.

JBM Auto is engaged into the business of sheet metal components, tools & dies. The company is also an Original Equipment Manufacturer (OEM) as it is engaged in the production of passenger buses.

On November 8, 2021, JBM Auto announced that the company has received