Electric mobility stocks led by JBM Auto surge up to 14% on strong volumes

Shares of Electric Mobility names, JBM Auto Ltd., Olectra Greentech Ltd., Ather Energy Ltd., and Ola Electric Mobility Ltd., gained between 5% to 14% on Wednesday, March 18, and are among the top gainers on the BSE Smallcap index.

Today is the second day of gains for JBM Auto, and also the biggest in a single session since September 2025.

The stock is also surging on strong volumes, with more than 91 lakh shares having changed hands at 11 AM, compared to its 20-day average of just under 90,000 shares.

JBM Auto's shares are also the third-most traded on the Nifty 500 currently, behind HDFC Bank and Eternal.

Shares of Olectra Greentech are up for the third straight session today and the biggest single-day gain for the stock since July 2025.

More than 12 lakh shares of the company have changed hands on the exchanges as of 11 AM, will above their 20-day average of 1.2 lakh shares.

Ather Energy's shares are also trading with gains of 6% on Wednesday, and have gained in seven out of the last eight trading sessions.

Nearly 25 lakh shares of the company have changed hands as of 11 AM, nearly 6x higher than their 20-day average of 4.2 lakh shares.

The stock is also trading close to its 52-week high in today's session.

In addition to these, shares of Ola Electric Mobility have also risen 4% on Wednesday.

Since listing in May 2025, shares of Ather Energy have delivered negative monthly returns only once. The stock is up 8% in the month of March as well.

The gains seen by JBM Auto on Wednesday have reversed all the losses made in the month of March.

However, despite the gains seen by Olectra Greentech today, the stock is still down 2.5% on a month-to-date basis, having declined 9.5% and 8% in January and February respectively.