Jai Balaji Industries share price was Rs 53 a year ago.Now the price of this multibagger stock has increased to Rs 1,085.So far in the year 2024, this stock has strengthened by 42 percent.
New Delhi. Sometimes in the stock market, investors get hold of such a multibagger stock, which proves to be a money printing machine for them. Such stocks give wings to money and within no time the investor becomes a millionaire. Jai Balaji Industries Limited’s share is also included in the list of volatile stocks. This stock has given huge profits to investors in both long term and short term. In just one year, the share price of Jai Balaji Industries has increased by 1947 percent. It has proved to be a touchstone for investors. The Rs 50 thousand invested in this share five years ago has now increased to Rs 18 lakh. In five years, investors have made 3600 percent profit from this share.
Jai Balaji Industries Limited was established in the year 1999. According to the data till March 2024, in the company engaged in steel-sponge iron business, the promoter’s stake was 60.80 percent, FII’s was 2.9 percent and public holding was 34.23 percent. In the last trading session i.e. on Friday, shares of Jai Balaji Industries closed at Rs 1,085 on NSE.
1947 percent profit in one year
Jai Balaji Industries share price was Rs 53 a year ago, which has now increased to Rs 1,085. That means in one year the stock has given a profit of 1947 percent to the investors. If an investor had invested Rs 1 lakh in this multibagger share for a year and has maintained his investment till now, then now the value of his investment has increased to Rs 2,047,169.
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The share price of Jai Balaji Industries has increased by 16 percent in a month. In six months, this multibagger stock has given 87 percent profit to investors. Similarly, this stock has strengthened by 42 percent so far in the year 2024. The 52-week high of Jai Balaji Industries share is Rs 1,314 and the 52-week low is Rs 52.35.
Quarterly results have been excellent
The fourth quarter results of Jai Balaji Industries have also been excellent. The company has made a net profit of Rs 879.57 crore in the financial year ending March 31, 2024. There has been a jump of about 1,421 percent in the company’s profit as compared to the previous financial year. This small cap company was at a loss of Rs 13.08 crore in the January-March quarter a year ago. Now it has made a net profit of Rs 272.98 crore. The company’s net debt was Rs 3,407.9 crore in FY 2021, which has now reduced rapidly to Rs 566.5 crore. The company plans to get completely free from debt in the next 15 months.
(Disclaimer: The information given here is based on the performance of the shares. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi is responsible for any loss you may incur. Will not done.)
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first published : April 27, 2024, 11:50 am IST
