₹6.10 to ₹315: Jindal Group’s multibagger stock turns ₹1 lakh to ₹52 lakh in 11 years | Stock Market News
Multibagger stock: A Jindal Group stock has delivered substantial gains over the past decade, multiplying investors’ wealth several times. Shares of Jindal Worldwide surged to ₹315.40 on November 21, 2024, from its decade-low level of ₹6.10 on August 28, 2013, registering a gain of 5,071 per cent in a little over 11 years.
Jindal Worldwide share price history
The stock has remained subdued in the short term but has delivered remarkable gains over the long term.
Over the past year, the stock has dipped 5 per cent, slipping from ₹332.20 on November 21, 2023. However, it has delivered remarkable long-term returns, surging 407 per cent in five years from ₹62.20 on November 21, 2019, and skyrocketing 2,679 per cent over the past decade from ₹11.35 on November 21, 2014.
Jindal Worldwide share price hit a 52-week low of ₹267.75 on January 24 this year. It, however, reversed the trend and jumped to its 52-week high of ₹436.95 on March 1 on the NSE. At the current price of ₹315.40, it is 28 per cent down from its 52-week high.
On a monthly scale, the stock is up nearly 3 per cent in November so far, after an 11 per cent loss in the previous month.
₹1 lakh turns to ₹52 lakh
Analyzing the stock’s price history reveals that an investment of ₹1 lakh in the stock on August 28, 2013, would have grown to ₹51.71 lakh over 11 years, delivering extraordinary returns.
Jindal Worldwide Q2 result
The company’s Q2FY25 revenue from operations stood at ₹570.8 crore, up 45.7 per cent year-on-year (YoY), while PAT stood at ₹17.3 crore, up 35.2 per cent YoY. PAT margin for the quarter declined 24 bps YoY, coming at 3.03 per cent.
EBITDA rose 38.3 per cent YoY, coming at ₹48.4 crore, while EBITDA margin declined 45 bps YoY to 8.48 per cent.
“The revenue from operations increased by 45.70 per cent YoY due to normalised business operations and increased demand for finished fabric in domestic and export markets. EBITDA increased by 38.30 per cent YoY, showing a major improvement in operational profitability,” said the company.
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