Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 500 per cent!

Shares of the company have gained more than 50 per cent in the last six months.

Shares of Jyoti Limited were locked in the upper circuit on Tuesday, 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 more than 50 per cent.

The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 62.40 crore which increased by 18.52 per cent YoY. The operating profit of the company stood at Rs 6.60 crore, while the PAT of the company stood at Rs 6.07 crore, which increased by 231.69 per cent YoY.

Jyoti Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 12.73 on July 02, 2021, to Rs 77.58 on June 25, 2024, an increase of more than 500 per cent in a three-year holding period.

Jyoti Limited provides products and services to clients in India and in the international market. The company offers its products to power (thermal, hydel and nuclear) generation, transmission and distribution, agriculture, by providing irrigation through pumping systems, water supply and sewerage schemes, defence-particularly naval and marine establishments, and core industries, such as steel, cement, paper, sugar, fertilizers, chemicals and petrochemicals. The company’s plants are located at Vadodara.

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.