JBM Auto Limited, established in 1996, is the flagship company of the USD 1.35 Billion diversified JBM Group. The Company is an automotive company that manufactures key auto systems and city buses. The Company over the last two decades has focused on technological excellence and is supplying products to almost all major OEMs in India. JBM Auto aims to be a pioneer for initiatives related to sustainable transportation solution aiding towards passenger comfort and safety.

They initiate coverage JBM Auto as a BUY @218 with a target of Rs 280 representing a potential upside of 28% from the buy price, JBM Auto share price is trading at a PE of 16.8.