Multibagger Share: There is a company in the iron and steel industry, whose share has traveled from Rs 459.95 to Rs 1062.90 in just one year. This means that investors have got returns of more than 130 percent. The company is profitable and revenue has also increased on an annual basis. Not only this, the stock has seen a growth of 6585 percent in 4 years. this is stock Jai Balaji Industries (Jai Balaji Industries,,
According to BSE data, the market cap of the company is more than Rs 19,300 crore. Its products include sponge iron, pig iron, ferro alloys, alloy carbon and mild steel rounds, TMT bars, alloy carbon and mild steel billets, ductile iron pipes and cement.
₹2 lakh becomes ₹1 crore in 4 years
On October 5, 2020, the share price of Jai Balaji Industries was Rs 15.9 on BSE. The share closed at Rs 1062.90 on BSE on October 4. In this way the share price strengthened by 6585 percent in 4 years. If someone had invested Rs 10,000 in shares at the price of 4 years ago and had not sold the shares yet, then the amount would have reached around Rs 6.68 lakh. Similarly, an investment of Rs 20,000 would have been worth Rs 13 lakh, an investment of Rs 50,000 would have been Rs 33 lakh, an investment of Rs 1 lakh would have been Rs 67 lakh and an investment of Rs 2 lakh would have been close to Rs 1 crore.
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Promoters’ stake in Jai Balaji Industries is 64.84%
Promoters held 64.84 percent stake in Jai Balaji Industries as of July 11, 2024. The stock had seen a 52-week high of Rs 1,307 on February 27, 2024 and a 52-week low of Rs 462 on October 5, 2023 on BSE.
Profit increased by 22% in June quarter
The company’s standalone revenue from operations increased to Rs 1,718.31 crore in April-June 2024 on an annual basis. A year ago it was Rs 1,482.56 crore. Expenses increased to Rs 1,440.52 crore from Rs 1,319.96 crore in the June 2023 quarter. Jai Balaji Industries’ standalone net profit rose to Rs 208.82 crore in the June 2024 quarter on an annual basis, from Rs 170.43 crore a year ago.
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Disclaimer: The information provided here is based on share performance. It is important to note that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
