JSW Holdings Ltd’s (NSE: JSWHL) share witnessed a robust increase for the fourth consecutive session during last day trading.
The stock rose 10 % to an all-time high of Rs 16,978.30. The stock has climbed 66.85 percent in four trading days.
On a year-to-date (YTD) basis, the stock has provided investors with multibagger gains with gains of 227.39%. In six months, the stock has climbed 177.74%.
Exchanges Sought A Response
BSE along with NSE have placed the JSW Holdings securities from JSW Holdings Ltd under the short-term ASM (additional surveillance measure) framework.
Exchanges place stocks within the short-term or the long-term ASM framework to warn investors of the high volatility in the prices of stocks.
In addition, the exchanges today demanded clarification from the investment firm with a small cap regarding the varying price of shares.
He added, “The exchange has sought clarification from JSW Holdings Ltd on November 11, 2024, concerning fluctuations in volume.”
The response is in the process of being received. JSW Holdings Limited said, “The shares of the company are traded freely and the volume of trading is entirely market-driven. Therefore JSW Holdings Limited isn’t in a position to comment on this issue.”
The Share Of The Stock
The stock traded above the 5-day 10-day, 20-day 30-day, 50-day, and 100-day 150-day, 200-day basic move averages (SMA). The relative strength index for 14 days (RSI) for the company was 60.08.
A price that is below 30 is deemed oversold, while a level higher than 70 is deemed to be overbought. According to BSE information, the company’s share price has an equity-to-price (P/E) ratio of 78.46 and the cost-to-book (P/B) ratio is 0.57.
Earnings Per Share (EPS) were 216 rupees and the return to equity (ROE) was 0.69 %. On the income front, the company’s total net profit increased 89.30 % to 119.64 crore rupees during the September quarter of 2024 (Q2 FY25) in comparison to Rs 63.20 crore rupees during the prior year period.
In the period under review, the revenue from operations was up 81.88 % to 162.18 crore rupees compared to 89.17 crore rupees in the same period in the previous year.
JSW Holdings Ltd is the investment part which is part of the JSW Group. In September 2024 Promoters held a 66.29 % stake in the bank-owned non-banking finance company (NBFC).
Quick Fact
| Company name | JSW Holdings |
|---|---|
| Stock price | ₹16,978.30 (66.37% up) |
| 52-week high (all-time high) | ₹16,978.30 (November 11, 2024) |
| Price gain (4 days) | 66.85% |
| YTD gain | 227.39% |
| 6-month gain | 177.74% |
| Short-term ASM | Placed by BSE and NSE |
| Clarification sought | November 11, 2024 |
| Trading trend | 4-day upward trend |
| 5-200 Day SMA | Above all SMAs |
| 14-day RSI | 60.08 |
| Price-to-Earnings (P/E) | 78.46 |
| Price-to-Book (P/B) | 0.57 |
| Earnings Per Share (EPS) | ₹ 216 |
| Return on Equity (ROE) | 0.69 % |
| Net profit (Q2 FY25) | ₹119.64 crore |
| YoY profit increase | 89.30% |
| Revenue from operations | ₹162.18 crore |
| YoY revenue increase | 81.88% |
| The stake held by promoters | 66.29% |
| Company Type | Investment firm, NBFC |
| Group affiliation | JSW Group |
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