JBM Auto, the company engaged in the manufacturing of tools, dies and moulds, announced that the bus division of the company has received orders for 200 buses.

The orders constitute buses for City, Staff, School, and Tarmac applications. The company shall start the production of the buses this month i.e. March, 2015 onwards.

Shares of the company gained Rs 21.3, or 9.95%, to trade at Rs 235.40. The total volume of shares traded was 64,611 at the BSE (9.49 a.m., Monday).