Jai Balaji Industries Ltd’s Shares Deliver 403% Returns To Its Investors In 3 Months
In the last trading session on Friday, October 20, this stock closed at Rs 626.10 with a rise of five per cent.
Jai Balaji Industries Limited, a constituent of the S&P BSE SmallCap index, is one of the top-performing stocks on Dalal Street in 2023. The small-cap stock has delivered multi-bagger returns in just three months, resulting in immense gains for investors. If someone is looking to invest money in the stock market, to double or triple their amount quickly, one can definitely rely on the shares of Jai Balaji Industries Limited.
According to reports, its shares have increased investors’ money 14 times in the last one year. In the last trading session on Friday, October 20, this stock closed at Rs 626.10 with a rise of five per cent. Let’s take a look at some effective investment tips for Jai Balaji Industries Limited stock.
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According to BSE analytics, the stock of Jai Balaji Industries has skyrocketed a whopping 403 per cent in just 90 days. In the last six months, the stock has yielded a solid return of 1,140 percent. Accordingly, an investment of Rs 1 lakh in the equity shares of Jai Balaji six months ago has now turned into Rs 11.4 lakh.
On a year-to-date (YTD) basis, the small-cap stock has rallied a massive 969 percent. In the last year, the stock has delivered a return of 1,349 percent versus a 6 percent jump in S&P BSE commodities. The counter has multiplied investors’ wealth by an astonishing 3,681 percent.
Jai Balaji Industries Limited was formed in 1999. The company is mainly engaged in the business of manufacturing iron and steel products. The company’s product portfolio includes pig iron, sponge iron, TMT bars, ferro chrome, and many other such items.
Jai Balaji Industries shares on Monday jumped by more than 2 percent to hit a 52-week high of Rs 639.45.
According to the shareholding pattern of Jai Balaji Industries, as of September 30, 2023, promoters own a majority stake of 60.02 percent in the company, followed by non-institutional investors at 39.30 percent and foreign institutional investors (FIIs) at 0.67 percent.
According to the BSE website, the manufacturing sector company commands a market cap of Rs 9,627.82 crore, as of October 23.
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