Page 3 - Jbm Auto News Today

Analysts attribute this strong divergence of performance between two pockets of the market to a combination of solid corporate earnings and active participation of both local and institutional investors in the India growth story which goes well beyond bluechips.

​The ex-dividend date for stocks is usually set one business day before the record date.

The surge of mid & small-cap stocks to new all-time highs on August 28 paints a vivid picture of the ever-evolving stock market.

As far as order books are concerned, JBM Auto currently leads with 5,000 electric bus orders both from state transport undertakings and private entities. Tata Motors’ order book stands at 2,600 e-buses; it has delivered over 900. PMI, which has delivered 1,200 e-buses across the country, is sitting on an order book of about 2,500 e-buses. Switch has over 1,000 orders in hand, and EKA Mobility & Pinnacle has about 500.

As far as order books are concerned, JBM Auto currently leads with 5,000 electric bus orders both from state transport undertakings and private entities. Tata Motors order book stands at 2,600 e-buses; it has delivered over 900. PMI, which has delivered 1,200 e-buses across the country, is sitting on an order book of about 2,500 e-buses. Switch has over 1,000 orders in hand, and EKA Mobility & Pinnacle has about 500.

The Nifty Smallcap Index experienced a remarkable surge on August 25, 2023, as several stocks carved their names in the history books by achieving all-time highs

PM-eBus Sewa: "Having over 30% market share and an order book of more than 5,000 electric buses were delivering buses across India," JBM Group Vice Chairman and Managing Director Nishant Arya said.

Poly Medicure has formed Bullish Engulfing candlestick pattern on the daily timeframe and settled way above 20-day EMA. The stock has rallied 6.6 percent to Rs 1,429 with above average volumes.

HDFC AMC ($24 million), Page Industries ($27 million), ACC ($19 million) and Indus Towers ($14 million) will see outflows from passive funds as a result of the reshuffle.

"Prefer to play the auto industry through auto ancillaries where opportunities still exists. We like Bharat Forge and Samvardhana Motherson. There is little opportunity or margin of error in the high buzz four-wheeler, two-wheeler spaces. While the stock market has yet to rerate Bharat Forge fully, the company offers a benefit through Indias Make in Defence programme and can be approached from a medium to long-term investment perspective."