Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 250 per cent!

Shares of the company have gained about 60 per cent in the last six months.

Shares of Jyoti Structures Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. However, the stock ended the day with a gain of 2.84 per cent. In the last six months, the stock has gained about 60 per cent.

The company posted weak Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 128.96 crore which declined by 17.25 per cent YoY. The operating profit of the company stood at Rs 7.46 crore, while the PAT of the company stood at Rs 14.12 crore, which increased by 154.65 per cent YoY.

Shares of Jyoti Structures Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 7.84 on June 21, 2023, to Rs 29.77 on June 20, 2024, an increase of more than 250 per cent in a one-year holding period.

Jyoti Structures Limited is an engineering, procurement and construction (EPC) service provider. The Company is engaged in the business of setting up power transmission lines, sub-stations and distribution networks. It undertakes projects on a global scale, offering a range of services in design, engineering, tower testing, manufacturing, construction and project management.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.