Don’t share, this is the ‘Paras Pathar’, whoever gets it, his life is set

New Delhi. Steel company Jai Balaji Industries had a debt of Rs 3,407.9 crore in the financial year 2021. This debt has now come down to Rs 566.50 in the third quarter of the current financial year i.e. December quarter. Not only this, the company’s profit also increased by 740 percent on a quarterly basis. The stock of Jai Balaji Industries has got wings due to the company consistently giving excellent quarterly results and reducing debt. In the last ten months itself, the company’s stock has jumped by 2600 percent. In this way, this multibagger stock has made investors rich in less than a year.

Even today, the shares of Jai Balaji Industries closed at Rs 1086.55 (Jai Balaji Share Price) with a jump of 2.89 percent on BSE. On March 28, 2023, the shares of Jai Balaji Industries were at a price of Rs 42. After this, in 10 months, it jumped 2600 percent to reach Rs 1134 on January 30, 2024. This is a record high of one year. It is currently more than 4 percent downside from this high. However, it is still 2481 percent upside from the one-year low.

Also read- Share of government company reached 52-week high, money doubled in one year, its magic still remains on brokerage

40 percent jump in the year 2024
In the last five trading sessions, the shares of Jai Balaji Industries have jumped by about 15 percent. So far in the year 2024, this stock has jumped by about 40 percent. At the same time, this multibagger stock has climbed 7716 percent in the last five years. By the way, the thing to note here is that the exchanges have additional monitoring on the fluctuations of this stock. It is in the fourth stage of ASM (Additional Surveillance Measure) Long Term of the exchanges.

The company turned profitable from a loss
Jai Balaji Company remained in continuous loss from FY 2012 to FY 2021. It turned profitable in FY 2022. In April-December 2023, it had a net profit of Rs 606.59 crore, which was 755 percent on an annual basis. At the same time, in the December 2023 quarter, the company’s profit jumped 740 percent to Rs 234.60 crore. In FY 2023, the company made a net profit of Rs 57.8 crore.

Debt is constantly decreasing
According to the December quarter data, the company has a net debt of Rs 566.50. At the end of March 2023, this figure was Rs 871.2 crore. In FY 2022, the company had a debt of Rs 3,149.60 crore and in FY 2021, it had a debt of Rs 3,407.9 crore. Jai Balaji Industries aims to keep the ratio of net debt and EBITDA at around 0.6 in FY 2024.

(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)

Tag: money making tips, Multibagger Stocks, Stock Tips