JBF Industries strengthens on reporting three fold jump in Q2 net profit

23 Nov 2016

JBF Industries is currently trading at Rs. 203.50, up by 6.80 points or 3.46% from its previous closing of Rs. 196.70 on the BSE.

The scrip opened at Rs. 202.00 and has touched a high and low of Rs. 211.40 and Rs. 199.00 respectively. So far 35,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 260.10 on 18-Oct-2016 and a 52 week low of Rs. 150.10 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 211.40 and Rs. 185.90 respectively. The current market cap of the company is Rs. 1,664.86 crore.

The promoters holding in the company stood at 43.15%, while Institutions and Non-Institutions held 16.36% and 40.49% respectively.

The company has reported over three fold jump in its net profit at Rs 11.14 crore for second quarter ended September 30, 2016 as compared to Rs 3.23 crore for the same quarter in the previous year. Total income of the company increased by 14.59% at Rs 1032.61 crore for the quarter under review as compared Rs 901.12 crore for the corresponding quarter previous year.  

JBF Industries is an India-based company, which manufactures polyester chips, polyester yarn and processed yarn from polyester chips.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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