This small-cap stock engaged in manufacturing transmission line towers, substation structures, telecom towers, and executing turnkey projects for power transmission and distribution networks globally, jumped 5 percent followed by bulk deal worth Rs. 90 crore worth of shares
Stock Price Movement:
With a market capitalization of Rs. 2,206.56 crores, the share of Jyoti Structures Limited has reached an intraday high of Rs. 18.45 per equity share, rising nearly around 5.18 percent from its previous day’s close price of Rs. 17.54. Since then, the stock has retreated and is currently trading at Rs. 18.17 per equity share.
What Happened:
Sun-N-Sand Hotels purchased a total of 52,96,674 shares at an average price of Rs 17.09 per share. This means they spent approximately Rs 90.42 crores to acquire a 0.58 percent stake in the company. The investment reflects their purchase of a significant number of shares at the stated price per share.
Business Highlights:
Jyoti Structures is involved in manufacturing extra-high-voltage (EHV) transmission line towers and substation structures. The company also provides engineering consulting, project management, and construction services for power transmission and distribution networks.
Additionally, it takes on turnkey projects for EHV transmission lines and substations, serving both domestic and international markets.
Clientele:
Jyoti Structures serves a wide range of clients, including key players in the Indian power sector like MSEB, NTPC, and NPTC. The company is also focused on expanding its presence in international markets, broadening its reach and strengthening its position globally in the power transmission and distribution industry.
Recent quarter results:
Jyoti Structures Limited’s revenue has increased from Rs. 56 crore in Q3 FY24 to Rs. 137 crore in Q3 FY25, which has grown by 144.64 percent. The net profit has also grown by 1,000 percent from Rs. 1 crore in Q3 FY24 to Rs. 11 crore in Q3 FY25.
Written By – Nikhil Naik
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