A textile stock has delivered substantial gains in the last three years and has gained over 5 per cent today. The counter opened at Rs 315 on the BSE and gained to touch the high of Rs 331.25. The 52-week high and low of the counter are Rs 439.80 and 268 respectively.

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The stock under discussion is Jindal Worldwide. The counter is trading higher than the 5-day and 20-day moving averages but lower than the 5-day, 100-day and 200-day moving averages.

Jindal Worldwide, having a market cap of Rs 6,490.85 crore, is a company of the Ahmedabad-based Jindal Group.

Q2 Results

The company has reported a 35 per cent YoY rise in its profit in the July-September quarter of FY25. The company's revenue from operation surged by 45 per cent on a YoY basis to Rs 570.8 crore as against Rs 391.8 crore in the corresponding three-month quarter of the last fiscal.

Share Price History

The company has given a multibagger return of 403 per cent in five years and a 94 per cent return in three years. However, it has given a negative return of 2.09 per cent in one year and a positive return of 1.35 per cent in two years. 

Meanwhile, benchmark equity indices Sensex and Nifty bounced back in early trade on Friday after falling sharply in the previous session driven by value buying at lower levels and a rally in blue-chip bank stocks.

Buying by domestic institutional investors and firm trends in US markets also added to the recovery in domestic equities.

The BSE benchmark Sensex jumped 506.58 points to 77,662.37 in early trade. The NSE Nifty climbed 162.9 points to 23,512.80.

From the 30-share Sensex pack, State Bank of India, ICICI Bank, IndusInd Bank, Tata Motors, Power Grid, Bajaj Finance, Bajaj Finserv and Tech Mahindra were the biggest gainers.

With PTI inputs