No share, this is a note printing machine, made from Rs 1 Lakh to Rs 20 Lakh in 12 months.

New Delhi. Sometimes stock market investors have such a multi-bagger stock, which turns out to be a money printing machine for them. Such stocks give wings to money and within no time the investor becomes a millionaire. Share of Jai Balaji Industries Limited is also included in the list of volatile stocks. This stock has given huge returns to the investors in both long term and short term. In just one year, the share price of Jai Balaji Industries has increased by 1947%. It has proved to be a touchstone for investors. 50 thousand rupees invested in this share five years ago has now increased to 18 lakh rupees. In five years, investors have earned 3600% profit from this stock.

Jai Balaji Industries Limited was established in the year 1999. As of March 2024, the promoter’s stake in the steel sponge iron business was 60.80 percent, FII’s 2.9 percent and public holding 34.23 percent. In the last trading session i.e. Friday, shares of Jai Balaji Industries closed at Rs 1,085 on the NSE.

1947 percent profit in one year
The share price of Jai Balaji Industries has risen to Rs 1,085 from Rs 53 a year ago. That means the stock has given investors 1947% profit in one year. If an investor had invested Rs 1 lakh in this multi-bagger share for a year and maintained his investment till now, his investment value has now increased to Rs 2,047,169.

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Share price of Jai Balaji Industries has increased by 16% in one month. In six months, this multi-bagger stock has given investors 87% return. Similarly, the stock has strengthened by 42% so far in 2024. Shares of Jai Balaji Industries have a 52-week high of Rs.1,314 and a 52-week low of Rs.52.35.

The results for the quarter have been excellent.
Jai Balaji Industries’ fourth quarter results have also been stellar. The company has earned a net profit of Rs 879.57 crore for the financial year ended March 31, 2024. The company’s profit has increased by around 1,421 percent compared to the previous financial year. The small-cap company posted a loss of Rs 13.08 crore in the January-March quarter a year ago. It has now earned a net profit of Rs 272.98 crore. The company’s net debt stood at Rs 3,407.9 crore in FY 2021, which has now come down sharply to Rs 566.5 crore. The company plans to be completely debt free in the next 15 months.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)

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