/ JBM Auto's Board Of Directors Approves Raising Of Rs 600 Crore Via QIP Stocks Up 2% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 29 December 2016

The Board of Directors of JBM Auto Limited has considered a fresh proposal for various fund raising options including through Qualified Institutions Placement (QIP) and has approved raising of funds for an amount not exceeding Rs 600 crore. 

JBM Auto Ltd is currently trading at Rs 226.3, up by Rs 4.45 or 2.01% from its previous closing of Rs 221.85 on the BSE.

The scrip opened at Rs 224.1 and has touched a high and low of Rs 227 and Rs 223 respectively. So far 25308 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 905.05 crore.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 326.9 on 01-Nov-2016 and a 52 week low of Rs 101 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 229 and Rs 212.3 respectively. The promoters holding in the company stood at 61.97 % while Institutions and Non-Institutions held 0.43 % and 37.6 % respectively. The stock is currently trading below its 50 DMA.

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