16 Jul 2024

JNK India Surges on Securing Order from JNK Global

JNK India is currently trading at Rs. 795.00, marking an increase of 14.65 points or 1.88% from its previous closing of Rs. 780.35 on the BSE.

The stock opened at Rs. 819.35, reaching a high of Rs. 819.35 and a low of Rs. 795.00. A total of 3783 shares have been traded so far.

This BSE group 'B' stock with a face value of Rs. 2 has hit a 52-week high of Rs. 895.40 on June 24, 2024, and a 52-week low of Rs. 550.00 on June 4, 2024.

In the past week, the stock's high and low stood at Rs. 832.95 and Rs. 760.80 respectively. The company's current market cap is Rs. 4432.99 crore.

The promoter's holding in the company is 67.97%, while institutions and non-institutions hold 13.24% and 18.79% respectively.

JNK India has received an order from JNK Global, Korea on July 15, 2024, for a Regeneration Furnace for a refinery project in Oklahoma, USA. The order is to be executed by June 18, 2025, marking the company's expansion into the USA.

Previously, on June 14, 2024, the company secured an order from Reliance Industries (RIL) for the Gas Cracker Unit (GCU) De-Bottlenecking (DBN) Project at RIL’s Nagothane Manufacturing Division (NMD), Maharashtra, India.

JNK India specializes in manufacturing process fired heaters, reformers, and cracking furnaces required in process industries such as oil and gas refineries, petrochemical, and fertilizer industries.