Recently JMB Auto Limited has made headlines after securing a giant value order worth Rs 5500 Crore. Many Investors are interested to buy this company shares and willing to know more about the company financials and share target prices. Let’s find out the details in this article.
JBM Auto Share price in Today’s Market
On 20th February JBM Auto share price opened at Rs 659.15 which is slightly higher than the previous close of Rs 647.60. It has already touched a high intraday or Rs 675 but currently 4.05% down to Rs 621.55. The recent surge in share price was due to e huge number of Electric bus order being confirmed.
Company Financials
The company has already shared it’s Q3 FY2024-25 reports where a 8.2% jump in net profit can be seen. This means total net profit in Q3 was Rs 52.64 Crore which is 8.17% up from last years Q3 which is Rs 48.66 Crore. Net sales also increased by 3.7% in year on year basis to Rs 1396.15 Crore. Currently company holds a total 11,000 electric bus order book.
Recent News on JBM Auto Share
JBM Auto has made its position strong in electric mobility sector. It has already deployed its electric buses in 19 cities in Gujrat, Maharastra and Harayana. Also, Recently they have secured a 1021 electric bus order which is worth Rs 5550 Crore in terms of value.
JBM Auto Share Price Target
According to some market experts, JBM Auto shares can reach a Target of Rs 657.89 in the coming days. Long-term targets are set at Rs 903.21, 1306.09 and 1725.55. But these long-term targets are for those investors only who can afford to hold at their own will.
Recommendation on Buy, Hold, or Sell?
Consensus Analyst has put a ‘Buy’ tag as electric buses are getting more and more popular. Also, Electric vehicles are rapidly increasing in India as the country is looking towards Net Zero Carbon Emissions.
