According to reports, Bain Capital is in discussions to invest up to $300 million for a significant minority stake in JBM Auto's electric vehicle business (EVBuses).
Stocks to watch today: Tata Steel, Tata Power, ITC, Sun Pharma, Swiggy, IOCL, IRFC, Maruti Suzuki, Bajaj Finance, JBM Auto, LIC Housing Finance, Hyundai Motor, among others, will be in focus today
JBM Auto shares have gained about 55 per cent from their 52-week low of ₹477 apiece, touched earlier this year on March 16, 2026
JBM Auto and Olectra Greentech shares surged after Cabinet approved ₹9,585 crore scheme, offering financial incentives to bus and truck fleet owners to transition to cleaner fuels or EVs