{"id":94302,"date":"2023-03-09T17:27:00","date_gmt":"2023-03-09T11:57:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=94302"},"modified":"2023-03-09T18:16:45","modified_gmt":"2023-03-09T12:46:45","slug":"auto-stock-hits-52-week-high-after-ev-fleet-enhancement-in-maharashtra-budget","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-stock-hits-52-week-high-after-ev-fleet-enhancement-in-maharashtra-budget\/","title":{"rendered":"Auto stock hits 52-week high after EV fleet enhancement in Maharashtra budget\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-155705630\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of JBM Auto surged 8.47% on Thursday and reached a fresh 52-week high of \u20b9 644.20 apiece on the National Stock Exchange (NSE). This happened after the Maharashtra government announced that the total EV fleet under the state transportation network would be increased by 5,000.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3800358189\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>While presenting the state&#8217;s fiscal roadmap for 2023-24, Maharashtra Deputy Chief Minister Devendra Fadnavis said the total EV fleet under the state transportation network would be increased by 5,000.&nbsp;<\/p><p>Following the announcement, JBM Auto which is aiming for a lion\u2019s share of the electric transportation market in India shot up post 3:00 PM on Thursday. The scrip settled at \u20b9 633.50 apiece on the NSE.&nbsp;<\/p><p>JBM Auto is betting on the electrification of public transport. It already has more than 1000 e-buses deployed in several states in India. Recently the company unveiled a fully electric, luxury coach at the AutoExpo, and according to the company, the vehicle\u2019s lithium-ion battery can cover 1,000 km per charge.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-364368591\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has a market capitalization of 7022 crores and is a small-cap company. It has an ideal return on equity of 19.03%, but a high debt-to-equity ratio of 1.74. Its shares were trading at a price-to-earnings ratio (P\/E) of 38.88, which is slightly lower than the industry P\/E of 39.73, indicating that the stock might be undervalued as compared to its peers.&nbsp;<\/p><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><p><\/p><div class=\"trade-after-content\" id=\"trade-3229438599\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of JBM Auto surged 8.47% on Thursday and reached a fresh 52-week high of \u20b9 644.20 apiece on the National Stock Exchange (NSE). This happened after the Maharashtra government announced that the total EV fleet under the state transportation network would be increased by 5,000.&nbsp; While presenting the state&#8217;s fiscal roadmap for 2023-24, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69893,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-94302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto stock hits 52-week high after EV fleet enhancement in Maharashtra budget\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"While presenting the state&#039;s fiscal roadmap for 2023-24, Maharashtra Deputy Chief Minister Devendra Fadnavis said the total EV fleet under the state transportation network would be increased by 5,000.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/auto-stock-hits-52-week-high-after-ev-fleet-enhancement-in-maharashtra-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto stock hits 52-week high after EV fleet enhancement in Maharashtra budget\u00a0\" \/>\n<meta property=\"og:description\" content=\"While presenting the state&#039;s fiscal roadmap for 2023-24, Maharashtra Deputy Chief Minister Devendra Fadnavis said the total EV fleet under the state transportation network would be increased by 5,000.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-stock-hits-52-week-high-after-ev-fleet-enhancement-in-maharashtra-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-09T11:57:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-09T12:46:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Index-124-Cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Index-124-Cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-52-week-high-after-ev-fleet-enhancement-in-maharashtra-budget\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-stock-hits-52-week-high-after-ev-fleet-enhancement-in-maharashtra-budget\/\",\"name\":\"Auto stock hits 52-week high after EV fleet enhancement in Maharashtra budget\u00a0 - 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