The shares of Jyoti Resins have been in upper circuit for five consecutive days.
The company has more than doubled the investors’ capital with a return of 105 per cent in just 5 weeks.
Jyothi Resins has recently announced to issue bonus shares in the ratio of 2:1 to its shareholders.
New Delhi. Chemical pharma companies are performing very well in the stock market. The shares of specialty chemical company Jyoti Resins and Adhesives Limited have been witnessing a steady rise for the last 5 days. On Wednesday, September 14, the company’s shares hit an upper circuit in early trading and with this the shares rose 5 per cent to Rs 1,769.70 on the BSE.
Due to the upper circuit for 5 consecutive days, the company’s shares have risen sharply and have seen an increase of about 26 percent. At the time of writing this news, shares of Jyoti Resins were trading at a price of about Rs 1753 with a gain of 4 per cent on BSE.
Strong return of about 80 percent given in 1 month
If we look at the performance of the company in the stock market, Jyoti Resins has given a strong return of about 80 percent to its investors in the last one month. The company has more than doubled its investors’ capital with a return of 105 per cent in just 5 weeks. Shares of Jyoti Resins have gained about 380 per cent since the beginning of this year. On the other hand, if we talk about the returns of the last year, then it has given more than 525 percent returns to its investors in a year.
How investors benefited
If you understand the benefits received by the shareholders of Jyoti Resins, then if an investor had invested Rs 1 lakh in the shares of this company earlier this year, then today its value would have increased to Rs 4.70 lakh. At the same time, on making the same investment in this company a year ago, its market price would have increased by about Rs 6.26 lakh.
1 lakh became 2 lakh in just five weeks
According to the way the company has performed in the last five weeks, the value of the money invested in it has doubled today. That is, if an investor had invested one lakh rupees in it only 5 weeks ago, then he would have become the owner of 2 lakhs today.
The company’s shareholders are going to get a strong bonus
Jyothi Resins & Adhesives Limited is a small cap specialty chemical company with a market cap of Rs 2.11 thousand crore. The company has recently announced to issue bonus shares to the shareholders in the ratio of 2:1 and its shares are trading as ex-bonus from 8th September.
FIRST PUBLISHED : September 14, 2022, 18:13 IST