News for JBM Auto Limited (JBMA.NS)

Buzzing Stocks Today, Stocks that will see action today: 7 March 2025 - TCS, Aarti Drugs, BEL, K&R Rail, Ambuja Cements, BEL, Coromandel Intl, Jay Bharat Maruti, Kalpaturu Projects, Laurus Labs, Biocon, Brigade group, RVNl, RITES, Firttsource, and Avanti Feeds

Stock market update: Shriram Finance, NTPC, M&M, BEL, and Adani Ports gain; HDFC Bank, Maruti, Tech Mahindra, Tata Consumer, HCL Tech decline.

Buzzing Stocks Today, Stocks that will see action today: February 20, 2025 - Patanjali Foods, Kothari Industrial Corp, Mahindra grroup, Religare Enterprises, BSE, Torrent Power, Bharat Forge, Cox & Kings, JBM Auto, Waaree Energies

Indian markets closed nearly flat as gains in financials offset pharma losses amid U.S. tariff concerns. Analysts see range-bound movement, with optimism over Indias GDP growth and government expenditure supporting sentiment despite global uncertainties.

In the Nifty 50 index, 25 stocks ended in the green, while 25 stocks closed in the red in today's trade.

JBM Auto share price today: Market cap of JBM Auto rose to Rs 15,282 crore on BSE. Total 0.66 lakh shares changed hands amounting to a turnover of Rs 4.08 crore on BSE.

In the Nifty 50 index, 40 stocks were trading in the green, while 10 stocks were trading in the red.

Buzzing stocks, stocks to watch: Religare, ITD Cementation, MobiKwik, KFin Tech, ITC Hotels, Autoline Industries, OneSource, Lloyds Enterprises, HG Infra, Grasim

The Indian market extended its winning streak to a third session, driven by gains in financials and Reliance Industries. Positive sentiment followed softened U.S. inflation data, boosting hopes for a Federal Reserve rate cut. Wall Street also saw strong earnings reports, further enhancing market sentiment.

Market cap of JBM Auto slipped to Rs 17,383 crore on BSE. Total 7801 shares changed hands amounting to a turnover of Rs 1.15 crore on BSE

JBM Auto shares zoomed 5.22% to Rs 1,725 against the previous close of Rs 1639.30. Market cap of JBM Auto rose to Rs 19,649 crore on BSE.

Sensex, Nifty updates on November 26, 2024: Find here all the live updates related to Sensex, Nifty, NSE, BSE, share prices and Indian stock markets for November 26, 2024

JBM Auto Ltd.'s subsidiary, JBM Ecolife Mobility (P) Ltd., has secured a $100 million funding from the Asian Development Bank and the Asian Infrastructure Investment Bank. The funds will be utilised to supply and operate electric buses across multiple states in India, under the Gross Cost Contract model, with the rollout happening in phases, as per an exchange filing on Tuesday.

JBM currently operates over 1,500 electric buses across 10 states and more than 15 major airports in India

JBM ECOLIFE Mobility secures $100M funding for 650 electric buses, aligning with ESG goals and India's Net Zero 2070 target.

Margin Trading: The NSE has drastically reduced the list of stocks eligible for collateral in margin funding, removing 1,010 stocks, including Adani Power, Yes Bank, and Paytm, effective August 1

National Stock Exchange updates collateral criteria, leading to exclusion of stocks like Adani Power and Yes Bank. Over 1,000 securities affected. Changes in effect from August 1. Investors advised to review their portfolios.

Nifty continues its upward trajectory, displaying positive chart patterns with higher tops and bottoms. According to Nagaraj Shetti of HDFC Securities, the market's bullish momentum could propel it towards the 24,400 mark in the near term, with immediate support at 23,980 levels.

Nifty range-bound flat closing for the last four days indicates a pause before a sharp move. The direction of this move is not yet known, at least not before any directional breakout. Solar Industries, Titagarh Rail Systems, Carborundum Universal, Paras Defence and Space Technologies showed bullish bias.