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Jindal Worldwide spurts over 20% in two sessions

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rose 14.54% to Rs 512.30 at 12:08 on BSE, extending yesterday's gains on fresh buying support.

Meanwhile, the S&P Sensex was down 24.79 points, or 0.08% to 31,078.70.

On the BSE, 42,000 shares were traded in the counter so far, compared with average daily volumes of 25,160 shares in the past one quarter. The stock had hit a high of Rs 523 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 445 so far during the day. The stock hit a 52-week low of Rs 142.50 on 21 June 2016.

The stock had outperformed the market over the past one month till 13 June 2017, rising 9.92% compared with 2.58% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 67.67% as against Sensex's 5.80% rise. The scrip had also outperformed the market in past one year, rising 198.86% as against Sensex's 17.84% rise.

The small-cap company has equity capital of Rs 20.05 crore. Face value per share is Rs 10.

Shares of rose 5.05% to Rs 447.25 yesterday, 13 June 2017. The stock has risen 20.33% in two trading sessions from its close of Rs 425.75 on 12 June 2017.

Net profit of rose 106.5% to Rs 23.97 crore on 26.8% rise in net sales to Rs 368.02 crore in Q4 March 2017 over Q4 March 2016.

Jindal Worldwide is the leader in Indian textile Industries and is operating in Indian contingent as well as having its international collaboration and clients in north and South America to Europe, Africa and Middle-East Asia.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 14 2017. 12:12 IST