JBF Industries has moved higher by 13 per cent to Rs 228.90 on the NSE after a nearly 4 per cent of total equity of the company changed hands via block deal during the noon deal trade.
At 1.09 pm; approximately 3.23 million equity shares representing 3.9 per cent of the total equity of JBF Industries have changed hands on the NSE, the exchange data revealed. The name of the buyers and sellers were not ascertained immediately.
As of September 30, 2016, Copthall Mauritius Investment Limited held 3.22 million shares (3.94per cent stake) in JBF Industries, as per the shareholding pattern data.
At 02:47 pm; JBF Industries share price is up 6 per cent at Rs 222.70 on the nSE. Throughout the entire day, around 4,23,794 shares were traded on the counter with a traded value of Rs. 937.26 lacs, as per NSE. The stock hit a 52-week high of Rs 260.10 on 18 October 2016. The stock hit a 52-week low of Rs 150.10 on 29 February 2016.The small-cap company has an equity capital of Rs 1706.62 (Cr). Face value per share is Rs 10. JBF Industries produces polyester chips for textiles, films and bottles and partially oriented yarn.
The company has reported over three fold jump in its net profit for second quarter ended September 30, 2016. Total income of the company increased 14.59 per cent for the quarter under review.
Dynamic Levels has recognized JBF Industries as one of the top 500 performing stocks for this quarter out of the 1700 stocks listed on the National Stock Exchange. Dynamic Levels is of the view that this stock has the capability of granting good returns on account of its rich fundamentals. Thus, it is safe for investment. For detailed information on the closest support and resistance levels, refer to JBF Industries share price history.
No comments:
Post a Comment