Multibagger stock Jindal Worldwide has given around 368 per cent return in five years. The stock has a 52-week high of Rs 439.80 and a 52-week low of Rs 268. The stock has got a buy call from brokerage firm Anand Rathi. 

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The brokerage recommends buying the textile company’s stock for medium-term gains. The counter traded at around 320.25 on the BSE. From here, the stock has a potential upside of around 19 per cent.

The brokerage said that the investors can buy this stock for a target of around 3 months with a target of Rs 370.

"After peaking at around Rs 436 in February 2024, faced a sharp correction, falling approximately Rs 163, or 38 per cent. This significant drop has brought the stock price to a crucial technical level, where it has formed a "double bottom" pattern near the 200-day Exponential Moving Average (DEMA) H/L band on the weekly chart," the brokerage said.

Jindal Worldwide, having a market cap of Rs 6,421 crore, is a company of the Ahmedabad-based Jindal Group.

Q2 Results

The company 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 368 per cent in five years and an 82 per cent return in three years. However, it has given a negative return of 3.63 per cent in one year. 

Meanwhile, equity benchmark indices began the trade on a firm note on Wednesday amid fresh foreign fund inflows and a rally in the US markets.

Concerns over tariff threats by US President-elect Donald Trump, however, instilled volatility in the market during the morning trade.

The BSE benchmark Sensex climbed 166.1 points to 80,170.16 in early trade. The NSE Nifty went up 74.35 points to 24,268.85.

However, later both the benchmark indices turned volatile. The BSE benchmark gauge traded 60.26 points higher at 80,055.58 and the Nifty quoted 16.55 points up at 24,211.10.

From the 30-share Sensex pack, Mahindra & Mahindra, Kotak Mahindra Bank, Adani Ports, HCL Technologies, Tech Mahindra and NTPC were among the gainers.

With PTI inputs