Archive · 30 Dec 2025
JBM Auto Shares Surge on Fortum Pact News
JBM Auto's stock price went up by 6.49% on Tuesday after a news report said they might buy Fortum's electric vehicle charging business in India.
The company said they didn't make any such deal and will give more details when their office reopens on January 2, 2026.
They also said they follow all the rules and will tell the stock market about any important news.
The company's stock is still down 18.16% for the year, and the people who started the company own 67.53% of it.
JBM Auto shares surged 6.49% on Tuesday, reaching an intraday high of Rs 648.50.
The company clarified that it has not executed any agreement related to the reported Fortum pact.
JBM Auto's corporate office is closed from December 29, 2025, to January 1, 2026.
The company will provide a detailed clarification upon reopening on January 2, 2026.
Promoters hold a 67.53% stake in the company as of September 2025.
- Who
- JBM Auto Ltd
- What
- Stock price surge and clarification on Fortum pact
- When
- December 2025
- Where
- Gurugram, India
- Why
- Market reaction to news report and company's response
- Stock Price Surge
- 6.49% on Tuesday, intraday high of Rs 648.50
- Current Trading Price
- Rs 632.50, up 3.91%
- Year-to-Date Performance
- Down 18.16%
- Promoter Stake
- 67.53% as of September 2025
- Company Headquarters
- Gurugram
- Office Closure Period
- December 29, 2025, to January 1, 2026
- Expected Clarification Date
- January 2, 2026