This electric vehicle stock is poised to explode on Tuesday, do you own it?

Besides, technically, the stock is poised for a solid breakout. The stock has witnessed the highest single-day volume since October 14.

The world is reeling under two major issues relating to mobility i.e. environmental pollution and congestion. Of the 20 most polluted cities in the world, 14 cities are in India. 

Transport is one of the biggest contributors to pollution while public transportation accounts for 90 per cent of transport. Thus, the transition to sustainable & clean mobility is a necessity and not an option! Furthermore, the penetration of buses in India is less than two buses per 1,000 population, which is set to increase exponentially.  

Cognizant of the need of the country, JBM Auto Limited has been at the forefront of change and is spearheading new-age high-tech transportation solutions, which drive value for the customer across multiple segments and operating patterns. 

JBM has redefined public transportation through its best-in-class, modern, and technologically superior low emission & electric buses that have established benchmarks in the areas of passenger comfort, safety, affordability & innovation. Ever since its low-floor buses were introduced in India, the company has seamlessly been able to create customer experiences and delight.   

Interestingly, in the latest development, JBM Auto Limited has informed that it received prestigious order for the supply, operation, and maintenance of 200 air-conditioned fully built low-floor electric buses of 12 metre length from Delhi Transport Corporation under Govt of India Flagship Fame II EV Policy.  

Certainly, this stock will be in the limelight on Tuesday, given the fact that it has tailwind in the form of receipt of order. Besides, technically, the stock is poised for a solid breakout. The stock has witnessed the highest single-day volume since October 14.