Jubilant Ingrevia share price: BIG JUMP! This Rakesh Jhunjhunwala-backed stock SOARS around 25% in past 5 sessions

Jubilant Ingrevia shares spurted by around 25 per cent in the last five sessions, it jumped by seven per cent to hit a new 52-week high of Rs 611.5 per share on the BSE intraday today a day after its Q4 results. An ace investor Rakesh Jhunjhunwala has over a six per cent stake in the company. 

According to the company’s filing to the exchanges, Jubilant Ingrevia's net profit stood at Rs 54.36 crore while it reported total revenue from operations at Rs 684.13 crore on a consolidated basis in the March-ended quarter of the financial year 2020-2021. 

The company is a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers among others. 

The celebrity investor Rakesh Jhunjhunwala along with his wife Rekha has over six per cent of stake in the company with an investment of Rs 578.3 crore in Jubilant Ingrevia. Jhunjhunwala has around 40 stocks in his portfolio with an investment of around Rs 20,000 crore along with his wife. 

At around 01:30 pm, the stock is trading below one per cent to Rs 581.60 per share on the BSE Tuesday, it touched a news life during open, however, failed to maintain the shine and touched a day’s low at Rs 561.90 per share. 

The revenue growth was primarily driven by the growth in volume and pricing together with capex amounting to Rs 122 crore in FY21, the company said in a filing to exchanges. Its gross debt reduced by Rs 747 crore in FY21 while the net debt reduced by Rs 594 crore during FY21. 

The company offers a broad portfolio of high-quality ingredients that find application in a wide range of industries. The company has 2,100 employees and serves over 1,400 customers in more than 50 countries across the world.