Stock in 30% Discount: Promoter Raises Stake, Brokerage also Bullish and Recommend Buying for 50% Returns

JTL Industries Ltd (BOM: 534600), a company operating in the steel sector, has experienced a positive trend in recent times. A notable development occurred when a promoter increased his stake by buying shares from the open market. Also, Axis Securities has advised to buy in the company. These factors may have contributed to the significant rise in the company’s shares by more than 10% in the last five days.

JTL Industries shares have seen a decline of 25% in the last 1 month due to profit-booking and it has given 80% returns in the last 2 years. Its stock has increased 360% in the last 3 years and 1399% in the last 5 years.

Today it is trading at Rs 192.40 per share on BSE with a gain of 0.16%. Its 52-week high is Rs 276.60 and its 52-week low is Rs 142.75.

Promoter Raises Stake

Recently in an announcement, an important disclosure was made, regarding the acquisition of equity shares in JTL Industries Limited. The disclosure, made under Regulation 29(2) of the SEBI (Substantial Takeovers and Takeovers of Shares) Regulations, 2011, highlights a notable transaction placed on March 18, 2024. According to the disclosure, a total of 300,000 equity shares representing 0.17% of the paid-up equity share capital of JTL Industries Limited were acquired from the open market by the promotor Mr. Pranab Singla.

Axis Securities Recommends for Buy

According to a report released by Axis Securities on January 15, JTL Industries announced in December 2023 that the company will raise Rs 1,310 crore to expand capacity to 2 MTPA by the end of FY27. This fundraising plan includes Rs 540 crore from promoters, Rs 270 crore from non-promoters, and Rs 500 crore through Qualified Institutional Placement (QIP). This fundraising will accelerate the company’s growth. The company’s capacity is expected to reach 2 MTPA by the end of FY2027, with full utilization (maximum 65% industry standard) by FY28.

The expert has given buy advice on shares of JTL Industries and set the target price at Rs 300. According to analysts, if investors invest in JTL Industries shares now, they can get a potential return of more than 50%.

JTL Industries Stock Performance & Return

Shares of JTL Industries were listed on BSE in Aug 2012, and since its listing, it has given wonderful returns. JTL Industries shares have surged more than 1400% since listing. If we talk about the company’s recent stock performance, it has given a 25% return in a year.

JTL Industries Shares Performance in 2024 YTD

JTL Industries Share Performance (Compounded)

The table below shows the company’s absolute returns and CAGR growth from the listing. You can also check that if someone has invested a lump sum of Rs 1 lakh then what is the value of those shares today…

• JTL Industries shares have increased more than 2000% in the last four years.
• Shares of JTL Industries have increased investors’ money more than 14 times in the last five years and more than 34 times in 10 years.
• The value of shares of investors who had invested Rs 1 lakh in it ten years ago has increased to ₹3,474,955 (₹34 lakh) today.
• The CAGR growth of the stock for the last 5 years is 71.85%, for the last 10 years is 42.59%, and since the listing is 28.50%.

JTL Industries Share Performance (Year-wise)

Disclaimer: This article is written for informational purposes only, do not consider it any investment advice.