23 Oct 2024

Jyoti Structures Surges After Securing Major Contract from Adani Energy Solutions

Jyoti Structures' stock is trading at Rs. 31.87, marking a rise of 1.48 points or 4.87% from its previous close of Rs. 30.39 on the BSE.

The stock opened at Rs. 30.57, reaching an intraday high of Rs. 31.90 and a low of Rs. 30.48. A total of 2,582,349 shares have been traded so far.

This BSE group 'B' stock, with a face value of Rs. 2, hit its 52-week high of Rs. 34.89 on October 10, 2024, and a 52-week low of Rs. 10.71 on November 1, 2023.

In the past week, the stock fluctuated between a high of Rs. 33.43 and a low of Rs. 29.75. The company's current market capitalization stands at Rs. 2,835.27 crore.

Institutional investors hold a 3.27% stake, while 96.73% is held by non-institutional investors.

Jyoti Structures recently received a Letter of Acceptance (LoA) valued at Rs. 450.01 crore (excluding GST) from Adani Energy Solutions. The project involves the survey, foundation work, supply, and installation of a 765 kV transmission line from Bhuj II to Lakadia in Gujarat. The work is expected to be completed by April 2026.

Jyoti Structures specializes in providing engineering, procurement, and construction (EPC) services.