JBM Auto Stock Jumps 12% in One Day: What Retail Investors Should Know

JBM Auto's shares rocketed almost 12% on Dec 24, climbing from around ₹594 to a high of ₹645 while the broader market was almost unchanged.

Intraday surge details

The stock opened at ₹593.75, rose 11.6% to reach ₹645, and was trading around ₹637 by early afternoon. More than 1.5 crore shares changed hands, far above its usual volume.

Recent price trend

After a modest 1% rise on the previous day, JBM Auto has now posted two consecutive sessions of gains. For December, the share is up about 3%, but it is still down 18% for the year, while the Sensex is up roughly 9%.

Last year the stock hit a 52‑week high of ₹834.28; its 52‑week low this year was ₹489.30.

Technical picture

Analysts see both upside potential and caution:

• Key resistance: The Ichimoku cloud and the 200‑day EMA around ₹700 could limit further moves.
• Support zone: Levels above ₹610 are viewed as a safety net.
• Momentum: The daily RSI is near 64, indicating strong but not extreme bullish energy.

Analyst advice

Jigar Patel (Anand Rathi) recommends taking profits near ₹650‑₹670 and waiting for a clear break above the resistance before adding more.

Aakash Shah (Choice Broking) suggests buying on small dips as long as the price stays above ₹610, with a stop‑loss below that level. He sees a possible move toward ₹720‑₹740 if the stock can stay above ₹700.

Bottom line for investors

• Consider booking partial profits around ₹650‑₹670.
• If you stay invested, keep a tight stop‑loss below ₹610.
• Watch for a decisive break above ₹700 to confirm further upside.

Disclaimer: This article is for educational purposes only. It reflects the opinions of individual analysts, not a recommendation. Please do your own research or consult a qualified advisor before making any investment decisions.