Ashish Kacholia bought additional 1,80,00,000 shares & Gains Rs 8,88,80,182 from multibagger penny stock below Rs 30 in just 1 day
From Rs 1.85 per share to Rs 27.41 per share, the stock gave multibagger returns of 1,382 per cent in 5 years.
On Thursday, shares of this multibagger penny stock gained 8.80 per cent to Rs 27.41 per share from its previous closing of Rs 25.19 per share. The stock is up by 49.40 per cent from its 52-week low of Rs 18.35 per share. The shares of the company saw a spurt in volume by more than 1.30 times on BSE.
An ace investor - Ashish Kacholia owns 2,20,36,118 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 Rs 8,88,80,182 from multibagger penny stock [Rs 2.22 per share gain x (1,80,00,000 shares + 2,20,36,118 shares)]. From Rs 1.85 per share to Rs 27.41 per share, the stock gave multibagger returns of 1,382 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 capitalization of over Rs 2,300 crore.
Jyoti Structures Limited 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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Jyoti Structures Limited has secured several significant contracts in the transmission line sector. The company has received a Letter of Acceptance from Adani Energy Solutions Limited for a turnkey project involving the construction of a 765 kV DC Bhuj II-Lakadia transmission line in Navinal, Gujarat, valued at Rs 450.01 crore (excluding GST). Additionally, Jyoti Structures has won contracts from a leading private developer for tower supply and from Adani Energy Solutions Limited for the construction and partial supply of 765 kV transmission lines in Gujarat, totalling Rs 223.31 crore. These projects are expected to be completed by April 2026 and October 31, 2025, respectively.
Results: The net sales increased by 32 per cent to Rs 107.49 crore while net profit decreased by 37 per cent to Rs 7.06 crore in Q2FY25 compared to Q2FY24. In H1FY25, the net sales decreased by 27 per cent to Rs 195.78 crore and net profit decreased by 11 per cent to Rs 12.15 crore compared to H1FY24. 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.
Disclaimer: The article is for informational purposes only and not investment advice.