During Thursday’s trading session, the shares of this smallcap stock engaged in EPC works of the power transmission and distribution infrastructure surged over 10 percent to Rs. 27.4 on NSE, after the disinvestment of shares worth Rs. 27 crores.
Price Action
With a market capitalization of Rs. 2,268.03 crores, the shares of Jyoti Structures Ltd. were trading at Rs. 27.4, a 10 percent up from its previous day’s close price of Rs. 25.27. The stock is currently trading at a price of Rs. 26.6 with a high trading volume of 26.9M.
What Happened
On 8th January Follis Advisory LLP transacted a bulk deal in which they sold 5,500,000 shares of Jyoti Structures Ltd. at a price of Rs 25.12. Further, on 6th January 2025, they had sold 5,246,680 shares at a price of Rs 25.63 on NSE. So in total, the firm has sold 1,07,46,680 shares worth Rs. 27 crores over the past few days.
About the Company
Jyoti Structures Ltd. is an Indian company specializing in the engineering, procurement, and construction (EPC) of power transmission and distribution infrastructure. Founded in 1974, the company has extensive experience in designing, manufacturing, and executing transmission lines, substations, and rural electrification projects.
Jyoti Structures has undertaken projects in India and internationally, particularly in regions such as Africa, the Middle East, and Southeast Asia. Despite facing financial challenges in recent years, including insolvency proceedings, the company has been actively restructuring to restore its operations and market presence. Its commitment to innovation and quality has made it a notable player in the power sector.
Financials
Jyoti Structures Ltd. reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 29.6 percent, increasing from Rs. 84.35 crores in Q2 FY24 to Rs. 109.2 crores in Q2 FY25. However, the net profits saw a significant drop of nearly 36 percent from Rs 11.2 crores to Rs 7.06 crores in the same period.
In terms of return ratios, it has reported a return on equity (ROE) of 22.35 percent and a return on capital employed (ROCE) of 1 percent .
Ace Investors
Ashish Kacholia, an ace investor has a stake of 2.45% in the company worth Rs. 58.31 crores. This consists of around 2,20,36,118 shares in number.
Ace investors are well-known for their reputations and are characterized by significant holdings in various companies.The decisions and portfolio moves of these investors can significantly influence stock prices and market sentiment
Written by Shwetha Sairam
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