Jindal Worldwide heads north after posting decent Q2 results

Jindal Worldwide rose 3.01% to Rs 1,245.75 at 12:35 IST on BSE after net profit rose 26.2% to Rs 20.40 crore on 40.3% rise in net sales to Rs 394.37 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 12 December 2017.

Meanwhile, the S&P BSE Sensex index was up 137.28 points, or 0.42% at 33,295.67. The S&P BSE Small-Cap index was up 199.34 points, or 1.22% at 16578.92, outperforming the Sensex.

On the BSE, 9,237 shares were traded on the counter so far as against the average daily volumes of 28,041 shares in the past one quarter. The stock had hit a high of Rs 1,271 and a low of Rs 1,220.35 so far during the day. The stock had hit a record high of Rs 1,308.15 on 31 October 2017. The stock had hit a 52-week low of Rs 167 on 4 January 2017.

The stock had outperformed the market over the past one month till 12 December 2017, gaining 3.96% compared with the Sensex's 0.26% fall. The scrip had also outperformed the market over the past one quarter, gaining 26.67% as against the Sensex's 3.33% rise. The scrip had also outperformed the market over the past one year, jumping 524.83% as against the Sensex's 25.32% rise.

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

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.

Powered by Capital Market - Live News