06 Nov 2024

Jyoti Secures Rs 14.94 Crore Order, Stock Sees Modest Gain

Jyoti Limited’s stock is trading at Rs. 119.30, marking an increase of 0.50 points or 0.42% from its previous close of Rs. 118.80 on the BSE. The stock opened at Rs. 120.00, reaching an intraday high of Rs. 122.50 and a low of Rs. 116.80, with 28,748 shares exchanged so far.

The stock, part of the BSE group 'X' and with a face value of Rs. 10, hit a 52-week high of Rs. 165.00 on October 22, 2024, and a 52-week low of Rs. 44.00 on February 15, 2024. Over the past week, the stock recorded a high of Rs. 122.50 and a low of Rs. 108.75. Jyoti’s market capitalization currently stands at Rs. 281.73 crore. 

Promoters hold 24.21% of the company's shares, with institutions holding 1.33% and non-institutional investors accounting for 74.46%.

The company's switchgear division has recently secured a significant order worth Rs. 14.94 crore (including GST) from Indian Oil Corporation in Panipat, obtained via the GEM Portal. The contract covers the supply, installation, testing, and commissioning of High Voltage (6.6 KV and 11 KV) Switchgear Panels, with completion scheduled by May 4, 2025.

Jyoti Limited, an engineering firm, caters to both domestic and international clients, offering a range of products and services.