The stock of JSW Holdings Limited today, on November 11, has reached an all-time high of Rs 16,978.30 with an upper circuit of 10% for the fourth consecutive trading day. At this price, the stock has increased by 70% in four trading days. In the last 6 months, the stock of JSW Holdings has climbed 177.74%. At the same time, it has given a multibagger return of 262.26% in one year. However, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have placed the securities of JSW Holdings Limited under the short-term ASM (Additional Surveillance Measure) framework. The exchanges place the shares in the short-term and long-term ASM framework to alert investors about the high volatility in the share price. Exchanges sought clarification from the company The stock exchanges have today sought clarification from the small-cap investment company JSW Holdings Company about the fluctuations in the share price. The reply is still awaited. The company’s consolidated net profit increased by 89.30% in the second quarter Talking about the results of the second quarter (July-September) of the financial year 2024-25, the consolidated net profit of the company has increased by 89.30% to Rs 119.64 crore. In the same quarter a year ago, the company had a profit of Rs 63.20 crore. At the same time, the company’s revenue from operations has increased by 81.88% year-on-year to Rs 162.18 crore. In the same quarter last year, the company had a revenue of Rs 89.17 crore from operations. JSW Holding is the investment arm of the JSW Group. As of September 2024, the promoters held a 66.29% stake in the non-banking finance company (NBFC).
