The Executive Director, JBM Group, Nishant Arya, is very positive on the 20 percent topline growth at approximately Rs 1800 crore in FY17 for JBM Auto. The growth would come on the basis of plant additions that have commenced operating to full capacity now. For the last financial year the topline growth is observed at Rs 1500 crore. Arya is also confident about maintaining margins around 12-13 percent or upping them marginally in FY17. The company has started manufacturing buses and is noting good demand for them going forward. The bus division will willfully start contributing to the topline this financial onwards, Arya mentioned. The company recently got engaged into a joint venture (JV) with Polish firm Solaris to produce electric and hybrid buses. The JV named JBM Solaris will invest Rs 300 crore towards electric mobility in India and will develop India’s first 100 percent electric bus ECOLIFE. By FY18, Arya expects the bus division to contribute approximately Rs 400 crore to the total revenues.
JBM Auto share price is at present trading at Rs. 193.85, up by approximately 3%. The lower price band of the share is Rs.170.10 and the upper price band is Rs.20790. The 52 week high of JBM Auto share price is observed at Rs. 234.20 on 10th DEC ‘15 while the 52 week low is seen at Rs. 103.10 on12th Feb ’16.
The Average Daily Movement of JBM Auto share price is 7.93 and its average volume for last 20 days is 266308. The stock yields 27.83% monthly returns and has the PE ratio of 14.47. The market cap of the company amounts to Rs. 771.03 (Cr) and has a book value of Rs. 84.24. JBM Auto is among the top 500 shares recommended by Dynamic Levels for this quarter out of the 1700 shares listed on NSE. In order to acquire further details on the support and resistance refer to JBM Auto share price history.
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