BNP Paribas buys 11 lakh shares of this steel tube manufacturing company - Details
Meanwhile, JTL Industries has reported a 21 per cent rise in its net profit at Rs 30.70 crore for the quarter ended June 30.
BNP Paribas Financial Markets, a capital market company, has bought 11 lakh equity shares of steel tube manufacturer JTL Industries. According to information available, the foreign institutional investors (FIIs) increased their stake to 10.06 per cent compared to 5.82 per cent in June 2024.
The capital market company has bought shares of JTL in a bulk deal at Rs 213 apiece.
Meanwhile, JTL Industries has reported a 21 per cent rise in its net profit at Rs 30.70 crore for the quarter ended June 30.
The company had posted a profit of Rs 25.36 crore in the April-June period of the preceding 2023-24 fiscal.
Its revenue from operations rose to Rs 515.37 crore from Rs 504.80 crore in the year-ago quarter.
Earlier, JTL Industries reported Rs 20,402.3 million in the financial year ending March 31, 20424. The company had also achieved its highest-ever sales volume of 3,41,846 MTPA for FY24. JTL also reported a growth in net profit, which surged by 25.39 per cent to Rs 113.01 crore for the year ended March 2024, up from Rs 90.13 crore in the previous fiscal year.
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