JBM Auto in fast lane
By
Ruma Dubey
about 5 years ago
JBM Auto rose almost 8.5% to Rs.285 and the mood on the counter remains optimistic. Its 52-week high and low stands at Rs.457.25 and Rs.230 respectively.
The market is happy with its news that it has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural components & assemblies to automotive OEM's worldwide.
The acquisition brings to the foray a plethora of synergies for JBM Group in the form of new products, global customers, new German technologies that will not only help in expanding the global footprint of the homegrown conglomerate but will also aid in adding strategic value to its Indian operations, thereby increasing the Group's long-term competitiveness.