Espresso Shot of the Day - JBM AUTO LTD up by 9.91 percent

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Espresso Shot of the Day - JBM AUTO LTD up by 9.91 percent

January 06, 2022
Espresso Shot of the Day - JBM AUTO LTD up by 9.91 percent

JBM AUTO LTD 1352.15  (+9.91%) BSE – INE927D01028 | Jan 6, 2022


Incorporated in the year 1996, JBM Auto Ltd. is the flagship company of JBM Group. The group diversified into bus manufacturing with an aim to become a globally benchmarked producer of modern intra-city buses. The bus division of JBM Auto Ltd. has been a pioneer in making products that have been significantly ahead of the prevailing practices and solutions. JBM aims at provisioning high-quality, convenient and sustainable public mobility solutions in India. JBM buses are built with leading cutting edge technology providing the highest levels of comfort and safety with first-in-class features. Moreover, JBM buses are committed to combining fuel efficiency with utility and performance using Green & effective technology, thereby reducing the carbon footprint in the overall environment.


Recent Drivers

  • On Jan 6, 2021, the company reported that it has formed a new company, JBM Ecolife Mobility Private Limited, to leverage growth opportunities in the electric vehicles segment.
  • On Dec 27, 2021, the company announced that it will provide 90 electric buses to Bangalore Metropolitan Transport Corporation for its first electric bus project.
  • On Nov 9, 2021, the company reported a net profit of Rs.12.19 crores in Q1 FY22 as against a net loss of Rs.25.87 crores in Q1 FY21.
  • On Nov 9, 2021, the company reported sales of Rs.546.80 crores
  • On Nov 8, 2021, JBM Auto bagged an order for 200 electric buses from Delhi Transport Corporation (DTC). 
 (Sources: Business Standard, Moneycontrol, Livemint)


Technical Force*

  • S&P BSE Small Cap month till date gain up by 1.52%
  • Traded on All Time high value 1353.25
  • 3 months avg. NSE volume: 248,951
  • Quantity traded: 26,690 | Deliverable quantity: 11,296 (42.32%)
  • Stock price has jumped more than 370% from one-year-low level: 283.50 (Jan 6, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 1353.25 | 52-week-low: 283.50


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2396.92

1802.53

1463.57

869.18

530.22

-

-

    -

Fibonacci Pivot

1802.53

1445.99

1225.72

1083.85

869.18

654.51

512.64

292.37

-


Today’s Close

1352.15

SMA

BSE

10 DAY

1150.52

20 DAY

1117.93

50 DAY

949.16

200 DAY

581.04


Some Key Ratios (Source: BSE)

Market Cap:  6395.51 Crores

PE: 68.38

OPM%: 11.02

ROE%: 12.08

Promoters holding%: 67.54

Prev. Close: 1230.25




*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.