Page 2 - Jbm Auto News Today

JBM Auto has seen a decisive breakout of falling resistance trendline and formed robust bullish candlestick pattern on the daily charts with healthy volumes. The stock stayed above all key moving averages.

JBM Auto share price: The stock jumped 13.58 per cent to hit a day high of Rs 1,665 over its issue price of Rs 1,465.90. As the session progressed, exchanges BSE and NSE have sought clarification from the company with reference to a report titled "JBM Auto aims to deliver 2,000 e-buses in FY24."

Tata Motors Share Price: A total of 2,11,18,340 Tata Motors equity shares worth INR 1,655.5 crore changed hands so far. Meanwhile, the rally in the stock was also led by the governments plan to replace 800,000 diesel buses, more than a third of all buses on the road, with electric ones over the next seven years.

A total of 2,11,18,340 Tata Motors equity shares worth Rs 1,655.5 crore changed hands so far. Meanwhile, the rally in the stock was also led by the governments plan to replace 800,000 diesel buses, more than a third of all buses on the road, with electric ones over the next seven years.

BLS International has seen a breakout of downwad sloping resistance trendline in previous session. Further, the stock traded well above all key moving averages.

Top stocks to watch: Sun Pharma, Godrej Agrovet, Emami, Hindustan Copper and JBM Auto are among some counters that will be in focus on Friday (September 29). In addition, two Adani Group stocks, namely Adani Green Energy and Adani Energy Solutions (erstwhile Adani Transmission), will also be buzzing today as Abu Dhabis International Holding Company (IHC) is likely to offload its stake in the mentioned Gautam Adani-led companies.

It is expected that the market share level in PCR will improve with better product positioning and further availability of capacity through expansion

The top gainer is state-run Mazagon Dock Shipbuilders, which has given over 479% returns during this period. The stock had ended at Rs 391.30 on the BSE on August 30, 2022 while the Monday closing price was 2,198.05. It was followed by Rail Vikas Nigam Limited (RVNL) which returned nearly 418%.

In the coming days, the market may react to some major macroeconomic data such as US S&P Global manufacturing and services PMI, initial jobless claims, building permits, crude oil inventories, existing home sales, FOMC policy outcomes, UK and Eurozone inflation, among others, Nanda said

This article explores why 10 stocks have witnessed a decline in RSI and why assessing stock movements based on RSI is crucial. Join us as we analyze these stocks, offering insights for potential investors in their decision-making process.