Jbm Auto Ltd (JBMA) Plunges -2.31% on Sep 13

September 13, 2017 - By Vivian Park

Shares of Jbm Auto Ltd (NSE:JBMA) last traded at 562.2INR, representing a move of -2.31%, or -13.3INR per share, on volume of 629,986 shares. After opening the trading day at 574INR, shares of Jbm Auto Ltd traded in a close range. Jbm Auto Ltd currently has a total float of 40.80 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 195INR and high of 593.3INR.

Indian Economy’s 2 Giants

The Indian stock market is one of the fastest growing equity markets in the world today. While it currently makes up only 12% to 14% of the country’s gross domestic product (GDP)’ far from the 70% corporate sector making up the entire GDP of the US, India’s corporate sector is rampantly thriving to become one of Asia’s leaders.

As of this month, nearly 8,000 companies are listed on the Indian equity market. More than half of these are listed on the two main stock exchanges in India combined’ the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), representing about 4% of the country’s GDP.

Regular session on both the BSE and the MSE starts at 9:15 a.m. and concludes at 3:30 p.m.

The BSE

The BSE, having been established in 1875, is the first stock exchange in Asia. It is also the first to acquire a permanent recognition under India’s Securities Contract Regulation Act of 1956.

Presently, the BSE is the 11th biggest stock exchange in the world with a total market capitalization of $1.70 trillion as of January 23, 2015. Moreover, it is also considered as one of the fastest stock exchanges in the world with a speed of six microseconds.

The BSE first touched its four-digit figure on July 25, 1990; the 5,000 mark on October 11, 1999; the 10,000 mark on February 6, 2006; the 20,000 mark on December 11, 2007; and the 30,000 mark on March 4, 2015, an event that was driven by the efforts of the Reserve Bank of India. Jbm Auto Ltd is a stock traded on the Indian stock exchange.

The biggest declines on the BSE happened during the onslaught of the 2008 Global Financial Crisis and when the Chinese central bank had suddenly moved to devalue the yuan. On January 21 and 22, 2008, the BSE has lost more than 2,000 points while on August 24, 2015, it has dropped over 1,700 points.

The SENSEX 30 is the free-float index that measures the 30 most active stocks on the BSE. It weighs stocks based on liquidity, market capitalization, floating-stock-adjustment depth, and other factors.

The NSE

The NSE was founded in 1992 as the 1st demutualized electronic stock exchange in the country. Presently, it supports about 230,000 terminals throughout India. The NSE is owned and operated by the Indian Index Services and Products (IISP).

The NIFTY is the index that measures the 50 most active stocks across 24 industries on the NSE. Consequently, it covers a broader portion of India’s corporate sector than the SENSEX 30. Jbm Auto Ltd has relatively good liquidity.

The NIFTY has a base value of 1,000 and its base date is 1995. Like the SENSEX 30, it comprehensively weighs stocks based on liquidity, market capitalization, among others.

Investing in BSE and NSE stocks is strongly recommended for investors today. As the Indian economy continues to grow and become one of Asia’s biggest, it only makes sense to start betting on its equity market as early as now. Professional analysts might be interested how this will affect Jbm Auto Ltd.

More recent Jbm Auto Ltd (NSE:JBMA) news were published by: Economictimes.Indiatimes.com which released: “JBM Auto in fifth gear, up 9% on electric bus launch” on February 04, 2016. Also Economictimes.Indiatimes.com published the news titled: “We would be looking at at least 25% to 30% growth for JBM Auto: Nishant Arya, ED” on November 02, 2016. Economictimes.Indiatimes.com‘s news article titled: “JBM Auto to invest Rs 300 crore in electric bus, stock zooms 19%” with publication date: July 20, 2016 was also an interesting one.

JBM Auto Limited is an automotive company that makes auto systems and city buses. The company has market cap of INR22.83 billion. The Firm makes sheet metal components for automobiles, and tools and dies for automobiles. It has a 36.33 P/E ratio. The Company’s divisions include Sheet Metal Components, Assemblies & Sub-assemblies; Tool, Dies & Moulds, and Bus Division.

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