Jai Balaji Industries stock has witnessed extraordinary returns, surging over 1845% in the last year to ₹1,046.90 from ₹53.8 in January 2023.
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A ₹10,000 investment in this penny stock in January 2023 would now be worth ₹1.94 lakh.
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The stock has shown a remarkable trend, rallying nearly 34% in January, marking seven consecutive months of gains since July 2023.
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Between July 2023 and January 2024, the stock has experienced a substantial surge of 1277%.
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In 2023, the stock had positive returns in eight months, achieving multibagger returns in July with a 106.5% surge.
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The company reported robust Q2FY24 results, with a consolidated net profit surge of 862% to ₹202 crore.
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Revenue from operations in the September quarter reached ₹1,547 crore, a 13% increase YoY.
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Operating profit witnessed a significant 238% YoY growth to ₹213 crore, with a 900 basis points expansion in operating profit margin.
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Long-term performance shows a phenomenal rise, with shares zooming 3824% in the last three years and 3422% in the last five years.
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Investors should be aware of the inherent risks associated with small-cap stocks and consider seeking advice from a financial advisor before investing.