JBM Auto share price saw sharp gains in intraday trade on the BSE on Wednesday, December 24, as the mid-cap auto component stock surged almost 12% in a lacklustre market. JBM Auto share price opened at ₹593.75 against its previous close of ₹577.90 and jumped 11.6% to an intraday high of ₹645. Around 12:15 pm, the stock was 10.26% up at ₹637.20, while equity benchmark Sensex was flat at 85,544. The trade volume of the stock was over 1.5 crore at that time.

JBM Auto share price trend

The mid-cap stock appears to be set to extend its gains for the second consecutive session. In the previous session on Tuesday, the stock rose by 1%. Noting a significant increase in volume, the exchange sought clarification from the company on Monday, December 22. Later, the company clarified that it had made all the necessary disclosures and that it had not withheld any material or price-sensitive information that would have influenced the volume behaviour of the scrip.

On a monthly scale, the stock is up over 3% for December, after falling for the last two consecutive months. Year-to-date, the stock is down 18% compared to a 9% rise in the Sensex.

JBM Auto shares hit a 52-week high of ₹834.28 on December 24 last year and a 52-week low of ₹489.30 on March 17 this year.

(This is a developing story. Please check back for fresh updates.)