Meanwhile, the stock was trading 7.7% higher at Rs 28.8 at 10:13 am. Shares of Jyoti Structures are also up 91% in the past year and up 55% this year.
As per data available on BSE, Ashish Kacholia owns nearly 2.2 crore shares in the company.
For the quarter ending June 2024, the promoters and the promoter group do not have any stake in the company and the entire 100% stake is held by the public shareholders such as Foreign Portfolio Investors (FPIs), Alternative Investment Funds (AIF), Insurance Companies etc.
In August, Jyoti Structures bagged an order worth Rs 106 crore for supply of towers for a 765 kV transmission line from a leading private developer. In July, the company won a nearly Rs 118 crore contract from Adani Energy Solutions Ltd for construction and part supply of the 765 kV D/C KPS III-AP44 transmission line.
As of today, the market capitalization of Jyoti Structures stands at Rs 2,540 crore. On charts, Trendlyne data places the stock above the 100 and 200-day exponential moving averages (DEMA). On RSI, the stock closed around 48 points, which is a mid-range of the indicator. For the quarter ended June 30, 2024, the company reported consolidated net sales of Rs 88 crore, down 31.25% from the March quarter net sales of Rs 128 crore. The company reported a net profit of Rs 5 crore for the June quarter.
Jyoti Structures is one of India’s leading providers of turnkey power transmission solutions. The company focuses on the areas of transmission lines, substations and distribution projects.
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