This specialty chemicals firm has rallied 52% in 6 days; here's why

For Q1FY22, Jubilant Industries reported a consolidated net profit of Rs 21.85 crore as against a net loss of Rs 27.75 crore in Q4FY21 and a loss of Rs 2.72 crore in Q1FY21

Shares of Jubilant Industries hit a new high of Rs 596.75 and were locked in 10 per cent upper circuit for the second straight day on the BSE on Friday, with only buy orders visible on the counter.

The stock of the specialty chemicals firm were quoting higher for the sixth straight trading day and has rallied 52 per cent during the same period, after reporting a strong set of numbers for the quarter ended June 2021 (Q1FY22). Till 01:31 pm, a combined 133,000 equity shares had changed hands on the counter and there were pending buy orders for around 60,000