Multibagger Power Sector Penny Stock Hits Upper Circuit, Q2 Profit Soars 377%

Multibagger penny stock priced below Rs 20 Jyoti Structures Ltd hit 2% upper circuit and traded fresh 52-week high on December 1, 2023. The company declared attractive quarterly results on November 9, 2023.

Jyoti Structures declared net profit for the quarter ended September 2023 at Rs 11.19 crore, up 377.67% as against Rs 4.03 crore announced in September 2022. Jyoti Structures shares rallied 75% in last 3-months and soared 414% in last 3-years. Check details below:

Jyoti Structures Financials: The company for the quarter ended September 2023 declared its net sales at Rs 81.36 crore, up 485% as compared to Rs 13.89 crore in the corresponding quarter of last year. Its EBITDA stood at Rs 13.08 crore in September 2023, up 580.88% from Rs 2.72 crore declared in September 2022. Jyoti Structures also witnessed surge in its EPS at Rs 0.18 for September 2023 from Rs 0.06 in September 2022.

Jyoti Structures Stock Performance & Return: Last trading price of Jyoti Structures share on BSE is Rs 18.05 per share with intraday gain of 1.98%. Its 52-week high price is Rs 18.05 apiece and 52-week low price is Rs 5.18 apiece, respectively. The company has a market capitalisation of Rs 1145.32 crore. Shares of

Jyoti Structures gained 60% in last 1-month and rose 75% in last 3-months. Jyoti Structures shares gained 48% year-to-date, soared 31% in last 1-year, jumped 9% in last 2-years, and offered return of 414% in last 3-years. In last 5-years, Jyoti Structures stock jumped 568%. Jyoti Structures shares hit upper circuits on December 1, November 30, November 29, and November 28. Jyoti Structures stock traded fresh 52-week high on December 1 and November 30.

Jyoti Structures About: It is engaged in in Turnkey/EPC Projects in the field of Power Transmission. Its key business focus areas are Transmission Lines, Substations and Distribution Projects. It undertakes turnkey projects on a global scale, offering a complete range of services in Design, Testing, Manufacturing, Sourcing, Supply and Construction. It figures amongst a very few EPC service providers worldwide and executes turnkey projects covering the entire gamut of Power Transmission business, according to its official website.

Disclaimer: The stock just highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.