Heavy buying: Back-to-back upper circuit in this multibagger stock; hits fresh 52-week high!

Shares of the company have gained about 150 per cent in the last six months.

Shares of Jubilant Industries Limited were locked in the upper circuit on Friday, 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. In the last six months, the stock has gained about 150 per cent. The stock also made a fresh 52-week high on Friday.

The company posted decent Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 299.59 crore which declined by 12.64 per cent YoY. The operating profit of the company stood at Rs 22.46 crore, while the PAT of the company stood at Rs 22.20 crore, representing an impressive growth of 127.93 per cent YoY.

Shares of Jubilant Industries Limited 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 542.05 on June 19, 2023, to Rs 1576.25 on June 14, 2024, an increase of about 180 per cent in a one-year holding period.

Jubilant Industries Limited is engaged in the business of Manufacturing Agri Products and Performance Polymers through its wholly owned subsidiary Jubilant Agri and Consumer Products Limited (JACPL). Jubilant Industries is a part of 2-decade old Jubilant Bhartia group. The group ranges from B2B to B2C companies.

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.