Share price of this small-cap stock moved up by nearly 10.78% on BSE to Rs. 6,887.9 in the trading session of Friday, compared to its previous close of Rs. 6,217.55, after Vikasa India EIF I Fund bought stake in the company through open market transactions.
With a market capitalisation of Rs. 7,611.6 crores, at 12:30 p.m. the shares of JSW Holdings Limited were trading in the green at Rs. 6,869.7, up by 10.62 percent.
The company has delivered positive returns of around 44.8 percent in the last six months, and nearly 81.6 percent in the last one year. So far, it has given around 32.05 percent of positive returns in 2024.
According to the bulk deal data available on the NSE, Vikasa India EIF I Fund bought 59,210 equity shares in JSW Holdings, representing a 0.53 percent stake, on Thursday at an average price of Rs. 6,253.26, for a total transaction value of about Rs. 37.02 crore.
Moreover, according to the corporate shareholdings filed for December 31, 2023, Vikasa India EIF I Fund publicly holds 9 stocks with a net worth of more than Rs. 448.3 crore.
In terms of financials, the revenue from operations of JSW Holdings grew by 3.84 percent YoY from Rs. 26 crore in Q3 FY22-23 to Rs. 27 crore for Q3 FY23-24, accompanied by the net profit growth of around 16.6 percent YoY to Rs. 35 crore in Q3 FY23-24 from Rs. 30 crore in Q3 FY22-23.
As of December 2023, FIIs hold 22.38 percent of the shares, whereas DIIs hold 0.04 percent of the shares in the company, aggregating to 22.42 percent of the institutional holdings.
Incorporated in 2001, JSW Holdings Limited is primarily engaged in the business of investing and financing.
The company is a Core Investment Company (CIC) and is eligible to operate as a CIC without applying for registration with RBI as the Company is not a Systemically Important Core Investment Company.
Written by Shivani Singh
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