Jubilant Industries hits lifetime high; soars over 80% in one month

In past one-month, the stock of agrochemicals company appreciated by 87% compared to 6% fall in the CNX Nifty.

Jubilant Industries has rallied 5% to Rs 328, also its lifetime high on the NSE, in otherwise subdued market. In past one-month, the stock of agrochemicals company have appreciated by 87% from Rs 175 on August 13, compared to 6% fall in the CNX Nifty.

On Thursday, September 10, 2015, Ravi Shankaran bought 60,000 shares of Jubilant Industries at Rs 294.19 per share, the NSE bulk deal data shows.

Earlier this month, Jubilant Industries said Portfolio management firm Equity Intelligence India had hiked 2.1% stake in the company by buying an additional 248,000 shares in the open market.

Portfolio management client of Equity Intelligence India Pvt Ltd and its associates, which had 5.3% stake earlier, increased its shareholding in the company to 7.4% by buying shares on September 4, Jubilant Industries said in a filing to the BSE.

The company had reported consolidated operating profit of Rs 6.25 crore for the quarter ended June 30, 2015 (Q1), against a loss of Rs 2.40 crore in the same quarter. It trimmed net losses to Rs 11 crore in June quarter from Rs 19 crore in the corresponding quarter of previous fiscal.

At 10:15 a.m. the stock was up 2.4% at Rs 320 on the NSE. A combined 69,911 shares changed hands on the counter on the NSE and BSE.