Shares of JTL Industries Ltd are in information at this time as SBI General Insurance Company purchased 6 lakh shares within the electrical resistance welded (ERW) metal pipes agency, by way of open market transactions on Wednesday. The transaction was carried out at a median worth of Rs 201 per share which amounted to a price of Rs 12.06 crore.
JTL Industries shares have become multibagger within the final three years. The inventory delivered 1618.14% returns in three years. During the interval of two years and one yr, the inventory climbed 146% and 99%, respectively. In comparability, Sensex has zoomed 73.64% in three years. The steel inventory hit a yearly low of Rs 92.85 on September 16, 2022 and a report excessive of Rs 227.85 on September 7, 2023.
In the final session, JTL Industries shares ended 0.30% decrease at Rs 200.85 in opposition to the earlier shut of Rs 201.45 on BSE. Total 0.38 lakh shares of the agency modified palms amounting to a turnover of Rs 75.20 crore on BSE. Market cap of the agency climbed to Rs 3392.64 crore. JTL Industries shares have a beta of 1, indicating common volatility in a yr.
In phrases of technicals, the relative energy index (RSI) of the JTL Industries inventory stands at 49.4, signaling it is buying and selling neither within the overbought not within the oversold zone. JTL Industries shares are buying and selling greater than the 50 day, 100 day, 150 day, 200 day shifting averages however decrease than the 5 day, 10 day, 20 day shifting averages.
The agency reported a revenue of Rs 25.4 crore within the June 2023 quarter in comparison with Rs 11 crore revenue within the corresponding interval final yr. Revenue from operations climbed to Rs 505.6 crore within the first quarter of present fiscal in comparison with Rs 259.24 crore within the year-ago interval. Operating revenue climbed to Rs 35.5 crore in Q1 in opposition to Rs 13.9 crore within the June quarter of the final fiscal.
JTL Industries Limited is a producer of electrical resistance welded (ERW) metal pipes together with pipe and tube producers in India. The firm produces black and galvanized ERW metal pipes and tubes, hole sections and structural metal which can be utilized in engineering and building initiatives. Its product consists of galvanized metal tubes and pipes, scaffolding fittings and programs, hole sections, LTZ sections, and delicate steels angles/channels. Its companies embody photo voltaic options, logistic companies, and packaging and loading companies.
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