403% return in 3 years: Do you own this textile stock?

5 hours ago 1

A textile banal has delivered important gains successful the past 3 years and has gained implicit 5 per cent today. The antagonistic opened astatine Rs 315 connected the BSE and gained to interaction the precocious of Rs 331.25. The 52-week precocious and debased of the antagonistic are Rs 439.80 and 268 respectively.

The banal nether treatment is Jindal Worldwide. The antagonistic is trading higher than the 5-day and 20-day moving averages but little than the 5-day, 100-day and 200-day moving averages.

Jindal Worldwide, having a marketplace headdress of Rs 6,490.85 crore, is simply a institution of the Ahmedabad-based Jindal Group.

Q2 Results

The institution has reported a 35 per cent YoY emergence successful its nett successful the July-September 4th of FY25. The company's gross from cognition surged by 45 per cent connected a YoY ground to Rs 570.8 crore arsenic against Rs 391.8 crore successful the corresponding three-month 4th of the past fiscal.

Share Price History

The institution has fixed a multibagger instrumentality of 403 per cent successful 5 years and a 94 per cent instrumentality successful 3 years. However, it has fixed a antagonistic instrumentality of 2.09 per cent successful 1 twelvemonth and a affirmative instrumentality of 1.35 per cent successful 2 years.

Meanwhile, benchmark equity indices Sensex and Nifty bounced backmost successful aboriginal commercialized connected Friday aft falling sharply successful the erstwhile league driven by worth buying astatine little levels and a rally successful blue-chip slope stocks.

Buying by home organization investors and steadfast trends successful US markets besides added to the betterment successful home equities.

The BSE benchmark Sensex jumped 506.58 points to 77,662.37 successful aboriginal trade. The NSE Nifty climbed 162.9 points to 23,512.80.

From the 30-share Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Tata Motors, Power Grid, Bajaj Finance, Bajaj Finserv and Tech Mahindra were the biggest gainers.

With PTI inputs

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