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Multibagger Stock: Companies which have given strong returns to investors in the last 2 months. Jai Balaji Industries is one of them. The company’s shares have once again hit the upper circuit. The company’s share price has touched Rs 247.55 on the BSE after a 5 percent jump. Let us tell you that this is the highest level of the company since 2011.
Got vande bharat train job this month, money doubled in 8 months, cost less than 250 rupees
There has been an increase of 58 percent so far in August
The company’s share price has increased by 225 percent in the last 2 months. That is, investors who would have bought and held this stock twice before, have doubled their money so far. The good news for investors is that the share price of the company continues to rise. The stock has gained 58 percent in the same month.
2023 Was Great For Investors (Jai Balaji Industries Share Price)
Shares of Jai Balaji Industries have gained 334 percent so far this year. While the Sensex index has increased by 6.5 percent during this period. Accordingly, the stock of Jai Balaji Industries has increased 50 times compared to the Sensex.
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What does the company do?
Jai Balaji Industries manufactures iron and steel products. Let us tell you that the June quarter of the company has been excellent. The profit after tax payment of the company during April to June 2023 has been Rs 170 crore. While in the same quarter a year ago, the company’s profit was Rs. 21.82 crores.