Mumbai1 day ago
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Shares of JSW Holdings Limited have reached an all-time high of Rs 16,978.30 today i.e. on 11th November for the fourth consecutive trading day with an upper circuit of 10%. At this price the stock has increased 70% in four trading days. JSW Holdings shares have risen 177.74% in the last 6 months. At the same time, multibagger has given a return of 262.26% in one year.
However, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have placed the securities of JSW Holdings Limited under short term ASM (Additional Surveillance Measure) framework. To caution investors about high volatility in share prices, exchanges place shares in short term and long term ASM frameworks.
Exchanges sought clarification from the company
Stock exchanges today sought clarification from small-cap investment company JSW Holdings Co regarding share price fluctuations. Still waiting for reply.
The company’s consolidated net profit increased by 89.30% in the second quarter.
Talking about the results of the second quarter (July-September) of the financial year 2024-25, the consolidated net profit of the company has increased by 89.30% to Rs 119.64 crore. The company had made a profit of Rs 63.20 crore in the same quarter a year ago.
At the same time, the company’s revenue from operations has increased by 81.88% on annual basis to Rs 162.18 crore. In the same quarter last year, the company had earned revenue of Rs 89.17 crore from operations.
JSW Holding is the investment arm of JSW Group. As of September 2024, promoters held 66.29% stake in the non-banking finance company (NBFC).