Jindal Worldwide soars over 43% in three sessions

Jindal Worldwide rose 13.86% to Rs 611.10 at 15:00 IST on BSE, extending recent rally on fresh buying support.

Meanwhile, the S&P BSE Sensex was down 75.24 points, or 0.24% to 31,080.67.

On the BSE, 1.01 lakh shares were traded in the counter so far, compared with average daily volumes of 25,957 shares in the past one quarter. The stock had hit a high of Rs 622 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 562 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 14 June 2017, rising 19.92% compared with 1.87% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 91.64% as against Sensex's 5.31% rise. The scrip had also outperformed the market in past one year, rising 249.30% as against Sensex's 16.57% rise.

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

Shares of Jindal Worldwide have risen 43.53% in three trading sessions from its close of Rs 425.75 on 12 June 2017.

Net profit of Jindal Worldwide 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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