JBM Auto Limited, a leading company in the electric bus manufacturing sector, has decided to split its shares. The company announced the record date for this stock split on Friday, January 10. Let us know important information related to stock split and details of the company’s share performance.
Record date and split details
- Distribution of face value:
- The shares, which currently have a face value of ₹2 per share, will be divided at ₹1 per share.
- Record date:
- The company has set the record date as 31 January 2025.
- From this day, shares of JBM Auto Limited will trade ex-split.
- Back Split:
- Earlier, the company had distributed shares in 2022.
- The face value was then reduced from ₹5 to ₹2 per share.
Stock Performance: A Review of the Last Year
Decline in 1 year:
- Shares of JBM Auto Limited have faced a decline of 24% in the last one year.
- Shares registered a loss of 34% in the last 6 months.
Friday status:
- At the close of the stock market, the company’s shares were trading at ₹ 1,468, down 1.61%.
Profits for long term investors
Great returns in 2 years:
- Even though the recent decline may have disappointed investors, the stock has given a profit of 176% in the last 2 years.
Tremendous growth in 5 years:
- In the last 5 years, shares of JBM Auto have registered a growth of more than 1,200%.
- During this period, the company has attracted long-term investors by giving tremendous returns.
JBM Auto Limited Business
JBM Auto Limited is active in manufacturing electric buses and related equipment.
- The company has strengthened its hold in the growing market of electric vehicles.
- However, market challenges and global uncertainties impacted its performance in the past one year.
Effect of stock split
- Increased liquidity of shares:
- After the stock split, small investors will get a better opportunity to invest in this stock.
- The liquidity of shares is expected to increase.
- For existing investors:
- The total number of shares they own will increase, but their total investment value will remain unchanged.
