The stock market has been turbulent lately, leaving many investors facing significant losses. However, amidst the downturn, JainCo Projects (India) Limited has emerged as a strong performer.
On Thursday, the stock price surged by 20%, hitting an upper circuit and reaching Rs 6.97, compared to its previous close of Rs 5.81 on Wednesday.
Impressive Growth Over Time
Five-Day Growth: The stock price rose by 41% in just five days, climbing from Rs 4.95 to Rs 6.97.
Monthly and Yearly Gains: It has gained 35% over the past month and 24% over the past six months. Since the beginning of this year, it has risen by 25%.
Long-Term Returns: Over the last year, the stock has seen a 30% increase, and an astonishing 1300% growth over five years.
52-Week Performance: The 52-week low is Rs 4.17, while the high is Rs 7.35.
Market Capitalization: The company’s market cap currently stands at Rs 6.97 crore.
Strong December Quarter Results
Net Sales: Reached Rs 0.13 crore in December 2024, marking a 509.26% increase from Rs 0.02 crore in December 2023.
Net Profit: Stood at Rs 0.01 crore in December 2024, showing a 152.76% rise from Rs 0.03 crore in December 2023.
EBITDA: Increased to Rs 0.10 crore in December 2024, up 433.33% from Rs 0.03 crore in December 2023.
Despite broader market challenges, JainCo Projects (India) Ltd has delivered strong returns and solid financial results, making it an attractive option for investors seeking high-growth penny stocks.