Penny Stock Rallies 320% In 1-Yr, Bags Order From Torrent PowerGrid Now

Small cap stock Jyoti Structures Ltd shares hit fresh 52-week high on February 9, 2024 but ended up touching lower circuit in trade on BSE. Last trading price of Jyoti Structures shares on BSE is Rs 34.19 apiece. Jyoti Structures shares offered attractive return of 74% year-to-date and rallied 190% in last 6-months. The company's Q2 net profit jumped 377%. Check more details pertaining to Jyoti Structures below:

Jyoti Structures Bags Orders: As per the BSE filing of the company dated February 7, 2024, it bagged an order from Torrent PowerGrid Limited for EPC work of 400 KV multi-circuit transmission line in Gujarat. The value of the contract is estimated at Rs 290 crore and the time period by which the order must be executed is 18 months.

It is worth noting that Jyoti Structures also received a contract for design and prototype testing of towers for the 400 kV Double Circuit Oman - UAE Interconnector Project. The value of the contract is estimated at $1.8 million and it must be executed in six months.

Jyoti Structures Stock Performance & Return: The 52-week high price of Jyoti Structures shares on BSE is Rs 35.80 and 52-week low price is Rs 5.18 apiece, respectively. The company has a market capitalisation of Rs 2169. 45 crore. Jyoti Structures shares zoomed 142% in last 6-months, soared 42% in last 2-years, and offered return of 480% in last 3-years. In last 5-years, Jyoti Structures shares witnessed a stunning surge of 3156%.

Earlier, ace investor, Ashish Kacholia reportedly bought 1,80,00,000 via preferential issue of shares (warrants) at Rs 13.20 apiece (FV is Rs 2 and premium is Rs 11.20) aggregating to Rs 23,76,00,000 or Rs 23.76 crore.

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. The company's net profit for the quarter ended September 2023 declared at Rs 11.19 crore, up 377.67% as against Rs 4.03 crore in September 2022 quarter.

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 recent orders win 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.