Under Rs 10: Promoters Bought Shares of LIC-Backed Company, Hit Upper Circuit Today; FIIs Increased Stake in Q1 FY25!

The company’s shares have delivered a multibagger return of around 40 per cent in the past 2 weeks only.

Jaiprakash Associates Limited, based in Noida, is a diversified company involved in engineering and construction, cement manufacturing, power generation, real estate development, hospitality, and sports.

At the start of the day's trading session, shares of Jaiprakash Associates Limited opened at Rs 9.73 per share, compared to the previous day's closing figure of Rs 9.27 per share on the BSE. Finally, the shares closed at Rs 9.73 per share. The stock has hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 2388.32 crore, and the stock has generated an impressive return of around 40 per cent in the past 2 weeks only.

As per the Quarterly Results, in Q4 FY24, Jaiprakash Associates Limited recorded a revenue of Rs 1740 crore representing a de-growth of 8.75 per cent YoY from Rs 1908 crore. The operating profit for Q4 FY24 stood at Rs 101 crore with an operating profit margin of around 6 per cent. The net loss for Q4 FY24 was Rs 431 crore compared to a loss of Rs 316 crore. Looking at the annual performance, the company generated a revenue of Rs 6568 crore in FY24, compared to Rs 7263 crore in FY23. The operating profit for FY24 was Rs 366 crore with a net loss of Rs 1339 crore.

According to the shareholding pattern of Jaiprakash Associates Limited, promoters own a 30.03 per cent stake which was increased from 29.97 per cent, while public investors hold 58.14 per cent. FIIs and DIIs own 2.68 per cent and 9.14 per cent stakes respectively.

Investors must keep this Small-Cap stock on their radar.

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