Jyoti Structures Ltd (NSE: JYOTISTRUC): There is a general state of confusion in the stock market before important global events. Investors are keeping an eye on the US election results as well as major international developments like the Fed meeting. Meanwhile, the Indian market is looking for its support level.
Action specific to stocks is happening in the market for stocks. A few penny stocks are regularly on the news. Continuous buying is being seen in the share of Jyoti Structures Ltd, a stock in the power transmission sector.
This stock also hit an upper circuit with a gain of 5% on Monday and on Tuesday this stock decreased up to 5.02%.
Jyoti Structures Ltd’s share Jyoti Structures Limited was traded at 38 rupees on Tuesday, a decrease of 5.02%. This stock has provided a 54% return to investors over the last month.
From the last 52-week low of Rs 12.31, this stock has given a multibagger return of 238.3 percent.
Jyoti Structures Ltd announced that the Meeting of the Board of Directors of the company will be held on Wednesday, November 06th, 2024 from 3:00 pm to MS Teams.
The agenda for the meeting is to consider, approval, and recording of the following items:
- 1. Unaudited financial results for consolidated and standalone accounts together with a brief overview report on the period and half-year ended on the 30th of September, 2024.
- 2. Related party’s transactions for the quarter that ended on September 30, 2024.
- 3. Allotment of equity share shares under ESOS Scheme 2021 and
- 4. Other matters with the approval of the Chairman.
Jyoti Structures Ltd is a prominent power transmission firm. It offers turnkey projects for substations, transmission lines, and distribution lines, offering a wide variety of services, starting with design and manufacturing, all the way to construction on a global scale.
Jyoti Structures Limited is among only a handful of EPC service providers that can carry out energy transmission and distribution projects. Jyoti Structures Limited has a market capitalization of more than 3,328 crore rupees.
A star investor bought 2,20,36,118 shares of Jyoti Structures Limited in September 2024. Due to the heavy position in his portfolio, he made a profit of crores of rupees when this stock rose.
In addition, FIIs have increased their stake in the share up to 1.41 % as of September 20, 2024, compared with 0.62 % in June.
Quick Fact
| Company name | Jyoti Structures |
|---|---|
| Current price | ₹ 38 |
| Sector | Power transmission |
| Market capitalization | ₹ 3,328 crore |
| Recent performance | 42.59% return in the last month |
| 52-week low | ₹12.31 |
| Multibagger return | 238.3% from a 52-week low |
| Gains | 5% on Monday |
| Decrease | 5.02% on Tuesday |
| Investor activity | Star investor purchased 2,20,36,118 shares in September 2024 |
| FIIs holding | 1.41% as of September 2024 |
| Previous FIIs holding | 0.62% in June 2024 |
| Board meeting date | November 06, 2024 |
| Meeting time | 3:00 pm, via MS Teams |
| Agenda item 1 | Unaudited financial results (consolidated and standalone) for the period ending September 30, 2024 |
| Agenda item 2 | Review of related party transactions for the quarter ending September 30, 2024 |
| Agenda item 3 | Allotment of equity shares under ESOS Scheme 2021 |
| Services offered | Turnkey projects for substations, transmission lines, distribution lines |
| Services range | Design, manufacturing, and construction on a global scale |
| EPC capability | Can complete energy transmission and distribution projects globally |
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