Big bull Rakesh Jhunjhunwala had invested in the shares of life science firm Jubilant Ingrevia six months ago. Since then, the return of this stock has shown a jump of more than 200 percent. On March 19, 2021, this share was listed at Rs 258.35 but now this share is trading around Rs 752. Jhunjhunwala has more than one crore shares of this company. In this way, in the June quarter, he has a 6.29 percent stake in this company. Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala holds 25.20 lakh shares in the company. He holds 1.58 percent stake in the company.
Jubilant Ingrevia’s market capitalization is Rs 12,330 crore
The market capitalization of Jubilant Ingrevia is Rs 12,330 crore. FIIs had 18.7 per cent stake in it in the June quarter. He has 2.97 crore shares in it. Mutual funds hold 12.27 lakh shares of the company. This share works out to around 0.77 percent. The promoters’ stake in the company stood at 50.92 per cent at the end of the first quarter. He has 8.11 crore shares of the company.
Stock Tips: The rising prices of aluminum will give wings to the shares of this company, know how much profit is expected
Tremendous increase of 258.04 percent in net profit
In the June quarter, Jubilant Ingrevia’s net profit had registered a tremendous growth of 258.04 percent and it had increased to Rs 138.17 crore. Whereas in the March quarter of the last financial year, the company’s net profit was Rs 38.59 crore. In the June quarter, the company’s sales increased by 65.25 per cent to Rs 1,105. Whereas in the last financial year, the sales in the June quarter were Rs 668.93 crore. The company’s EPS had increased to Rs 8.67. While it was Rs 3.69 in the same period of the last financial year. The company had made good profits in the financial year 2020-21 also. Revenue growth was also accelerated due to increase in volumes. The company’s capex in the financial year 2020-21 was Rs 122 crore.
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.