Ashish Kacholia’s Portfolio Penny Stock Under Rs 30 Rockets 8.7% After Reporting Stellar Results With 963% Jump In PAT
The stock is up by 52.3 per cent from its 52-week low of Rs 18.35 per share.
On Tuesday, shares of this multibagger penny stock jumped 8.7 per cent to Rs 27.95 per share from its previous closing of Rs 25.72 per share. The stock is up by 52.3 per cent from its 52-week low of Rs 18.35 per share.
An ace investor - Ashish Kacholia owns 1,80,00,000 shares or 2.45 per cent stake in the company as of October 2024. Additionally, Ashish Kacholia’s firm - Bengal Finance & Investment Pvt Ltd bought 1,80,00,000 shares. In just 1 day, Ashish Kacholia gains 8,02,80,000 from this multibagger penny stock [Rs 2.23 per share gain x (1,80,00,000 shares + 1,80,00,000 shares)]. From Rs 5.3 per share to Rs 27.95 per share, the stock gave multibagger returns of 427 per cent in 5 years.
The stock name is JYOTI STRUCTURES LIMITED.
Established in 1974, Jyoti Structures Limited is a leading power transmission company headquartered in Mumbai, India. They specialize in turnkey projects for transmission lines, substations and distribution systems, offering a comprehensive range of services from design and manufacturing to construction globally. Jyoti Structures Limited is one of the few EPC service providers with the capability to execute entire power transmission projects. Jyoti Structures Ltd has a market capitalisation of over Rs 2,400 crore.
Results: The net sales increased by 146 per cent to Rs 137.35 crore while net profit increased by 963 per cent to Rs 11.48 crore in Q3FY25 compared to Q3FY24. In 9MFY25, the net sales increased by 3.31 per cent to Rs 333.13 crore and net profit increased by 60 per cent to Rs 23.63 crore compared to 9MFY24. In its annual results, the net sales increased by 96.9 per cent to Rs 451.38 crore in FY24 compared to Rs 229.23 crore in FY23. The company reported a net profit of Rs 28.86 crore in FY24 compared to a net loss of Rs 4.07 crore in FY23, an increase of 809 per cent.
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Recently, the company bagged an order from PowerGrid Corporation of India Limited. The project, located in Khavda, Gujarat, involves the design, detailing, testing, supply, and installation of Package 01 of the ± 800 kV HVDC BIPOle Line (Hexa Lapwing) between KPS2 (HVDC) and Nagpur (HVDC). This turnkey project encompasses all aspects of the project, including conductor supply, surveying, soil investigation, foundation construction, erection, stringing, testing, and commissioning. With a total value of Rs 741.28 crore, including GST, this award marks the highest-value EPC order secured by the company in recent years. The 42-month timeline for completion underscores the significant scope and complexity of this crucial project for India's power transmission infrastructure.
Additionally, the company has received Board approval for a rights issue of up to Rs. 500 crores. The company plans to issue equity shares to eligible shareholders, subject to regulatory approvals and compliance with SEBI regulations, the Companies Act, 2013, and other relevant laws. The Board or a designated committee will finalize the specific terms of the issue, including the issue price and record date.
Disclaimer: The article is for informational purposes only and not investment advice.