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Shares of Pricol soared over 10 per cent on Thursday due to healthy business prospects for the company in the medium-term. During the entire session, the shares pared a portion of its intra-day gains and settled nearly 8 per cent high at Rs 129. The company is heavily investing in next-gen technologies to sustain growth besides continuing with its focus on reducing debt to become debt free over the next few quarters. Pricol commenced its operations in 1975 in Coimbatore is a manufacturer of automotive instruments. It provides products and solutions to two wheeler, three wheeler, four wheeler, commercial vehicle, tractors and off-road vehicles. Besides, rating agency ICRA reaffirming the company with a stable outlook also supported its stock. Historically, over the past one-year period, the company accumulated 155 per cent returns for its investors, data showed. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/how-steel-and-metal-industry-get-impacted-by-crude-oil-prices-as-per-analyst/articleshow/88872734.cms">Metals are mirroring the rally in crude oil and the recent output cuts are helping</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/swiggy-will-deliver-stuff-on-tvs-motors-electric-scooters-following-footsteps-of-zomato-amazon-and-flipkart/articleshow/88872404.cms">Swiggy will deliver stuff on TVS Motors’ electric scooters</a>

This auto component maker's shares more than doubled in last one year

<ul><li>Shares of automaker JBM Auto received orders for supply of 500 electric busses from a few state governments and corporate clients.</li><li>The multibagger stock has delivered 138% returns in the last one year.</li><li>Shares of several auto component makers have rallied in the last one month.</li></ul>Shares of JBM Auto were among the top gainers on Dalal Street with share price up 17% on large orders. The Gurugram-based automaker has received orders for 500 for <keyword id="6358344" type="General" weightage="20" keywordseo="electric-buses" source="Orion">electric buses</keyword> and some compressed natural gas (CNG) buses from states including Delhi, Bengaluru and Uttar Pradesh along with other corporate clients. Majority of the orders are for electric buses. The move tells a lot about the shift towards clean energy and increasing demand for electric vehicles in the country. JBM Auto is into bus manufacturing with an aim to become a globally benchmarked producer of modern intra-city buses. Meanwhile, shares of many auto component makers and peer companies to JBM Auto have rallied in the last one month. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Peer companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% return in last one month </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Exide Industries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Motherson Sumi Systems </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">9% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bosch </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sona BLW Precision Forgings </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">27% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Pricol </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">13% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">JBM Auto </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr></tbody></table> Shares of the company ended up 12.74% at ₹513 as on September 23. <div type="image" title="JBM auto" height="900" width="1200" msid="86453366" hostid="261"></div> Moreover, shares of the automaker have more than doubled investors’ money in the last one year. The market capitalisation of the company stood at ₹2,454 crore. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/the-success-story-of-indias-first-saas-company-to-be-listed-in-nasdaq/articleshow/86452977.cms">The success story of India’s first SaaS company to be listed in Nasdaq</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/freshworks-ipo-lists-on-us-exchange-gives-tribute-to-rajinikanth-during-the-listing-ceremony/articleshow/86452943.cms">Landmark moment for this Rajinikanth fan’s SaaS startup on listing at US exchange</a>

Multibagger stock JBM Auto spikes 17% in one trading session on large order for electric bus

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This auto component maker's shares more than doubled in last one year

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Multibagger stock JBM Auto spikes 17% in one trading session on large order for electric bus

Bhakti Makwana

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