On Wednesday, the stock market opened with a decline, but by midday, both major indices, Sensex and Nifty, were trading with slight gains. During this time, shares of the power sector company, Jyoti Structures, in which prominent investor Ashish Kacholia has invested, hit an upper circuit. This surge came after the company received a significant order worth ₹450 crore.
5% Increase
On Wednesday, shares of Jyoti Structures Limited rose 5% from their previous close of ₹30.37 to reach an intraday high of ₹31.88. Last week, Ashish Kacholia acquired a 2.52% stake in this small-cap company. So far in the calendar year 2024, Jyoti Structures’ shares have delivered a return of over 55%, with buyers active in the market.
Over 140% Return in One Year
This penny stock has gained more than 11% in the past month. Over a six-month period, investors have earned over 35% profit, while in the past year, the share value has more than doubled. In the last year, Jyoti Structures’ shares have provided a return of over 140% to its investors. The company’s current market capitalization is ₹2.77 thousand crore. Its Price to Earnings (P/E) ratio is 73.01. According to current data from the Bombay Stock Exchange, Ashish Kacholia holds about 2.2 crore shares of the company.
The Indian stock market is a platform where shares of publicly listed companies are bought and sold. It plays a vital role in India’s economy, allowing companies to raise capital for growth and expansion, while offering investors a chance to earn returns by buying and selling shares.
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- Bombay Stock Exchange (BSE):
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2. National Stock Exchange (NSE):
- Established in 1992, it is the largest stock exchange in India by trading volume.
- It has indices like NIFTY 50, which represents the top 50 companies listed on the NSE.
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