Jaiprakash Power shares: Last Friday, a rise of up to 5% was seen in the shares of Jaiprakash Power Ventures Limited in trading. On Friday this stock had reached Rs 20.40. At this price, the penny stock has surged 266 per cent from its one-year low of Rs 5.17 and has given multibagger returns to its investors. Let us tell you that its 52 week high price is Rs 23.99. The market cap of the company is Rs 13,645.24 crore.
condition of shares
So far this year, shares of Jaiprakash Power Ventures Limited have given returns of up to 40%. It has given a return of 250% in a year. This stock has given a strong return of 680.39% in the last five years. During this period its price increased from Rs 2 to the present price. However, this stock has also incurred huge losses in the long run. In the year 2007, the price of this share was Rs 136. That means, from the current price of Rs 20, this share has fallen by 85% till now.
Foreign investors disillusioned in election environment, sold shares worth ₹28000 crore
Investors broke on this IPO, money will double on the day of listing! Chance till 21st May
march quarter results
Jaiprakash Power Ventures Ltd’s consolidated net profit stood at Rs 588.79 crore in the March quarter. The company’s profit has increased mainly due to increase in income. In the information given to the stock market, the company said that it had suffered a consolidated net loss of Rs 43.99 crore for the quarter ending March 31, 2023. The company’s total income increased to Rs 1,863.63 crore during the quarter under review. Which was Rs 1,385.41 crore in the January-March quarter of 2022-23 compared to Rs 1,385.41 crore in the same period a year ago. Its consolidated net profit for the full financial year 2023-24 increased to Rs 1,021.95 crore. Which was earlier Rs 55.42 crore in the financial year 2022-23. Total income also increased to Rs 7,151.29 crore in the financial year under review, from Rs 5,922.15 crore a year ago.
