JBF Industries Share Price Surges Post Q2

JBF Industries share price zoomed up by more than 6 per cent to Rs 211.40 in today’s trade on NSE after net profit of the company surged 244.89 per cent to Rs 11.14 crores on 13.75 per cent rise in total income to Rs 954.77 crores in for the quarter ended 30th September 2016 over the quarter ended 30th September 2015.

The result was announced after market hours yesterday, 22nd November 2016.

Meanwhile, the NIFTY share price was up 31 points, or 0.39 per cent, to 8,033.30.

On NSE, a total of 2,73,784 shares were traded in the counter, compared with average daily volume of 78006 shares in the past 20 days. JBF Industries share price hit a high of Rs 211.40 and a low of Rs 199.05 so far during the day. The stock hit a 52 week high of Rs 260.10 on 18th October 2016. The stock hit a 52 week low of Rs 150.10 on 29th February 2016.

JBF Industries share price had underperformed the market over the past 30 days till 22nd November 2016, sliding 20.22 per cent compared with the 7.87 per cent decline in the Sensex. The scrip, however, outperformed the market in past one quarter, falling 6.56 per cent as against Sensex's 7.48 per cent decline.

The small-cap company has an equity capital of Rs 81.87 crores. Face value per share is Rs 10.

The Company produces polyester chips for textiles, films and bottles and partially oriented yarn.

JBF Industries share price closed at Rs 203.25, up by 2.90 per cent or 5.70 points. The Lower Price Band is 157.30 and the Upper Price Band is 235.90.

JBF Industries has been handpicked by Dynamic Levels as one of the top 500 stocks based on its strong fundamentals and technical analysis. Get the historical share price performance of the share at JBF Industries share price history.