Jayant Agro share price hit fresh 52-week high of Rs.347 on NSE today. Jayant Agro Organics, Castor oil exporter, registered more than two-fold jump in consolidated net profit at Rs.11.45 cr during first quarter ended June 30, due to strong sales. The company said in a regulatory filing that it had reported a net profit of Rs.4.12 cr in the same quarter of the 2015-16 financial year.
Jayant Agro share price closed 8.57 per cent higher on the National Stock Exchange (NSE). It opened at Rs.316.80 from a previous closing of Rs.313.15. The intraday high of he stock stood at Rs.347 while the intraday low read at Rs.310.20. The total traded volume stands at 99,641 shares with a traded value of Rs.332.86 lac.
Jayant Agro Organics' said that net sales rose by 11.52 per cent to Rs.387.51 cr during the quarter from Rs.347.47 cr in the year-ago period. Its expenses remained higher at Rs.361.40 cr as compared to Rs.332.73 cr in the said period.
The Mumbai-based company produces castor oil and its products and also exports them. Jayant Agro is also into power generation business.
Out of the Top 500 Shares, Jayant Agro ranks among the Multibagger Stocks, identified by the Dynamic researchers and stock analysts at the end of every month. The stock can be a great investment opportunity and can give you high returns. It is a well analysed multibagger stock, based on Dynamic Levels’ technical and fundamental research and the scrip is being traded in very high volumes.
For more details on the Jayant Agro scrip, visit Jayant Agro share price history.
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