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Why are Jindal Worldwide shares up over 9% today? Details here ยท Business Upturn

Why are Jindal Worldwide shares up over 9% today? Details here ยท Business Upturn

Jindal Worldwide Ltd. shares surged more than 9% on Monday after the textile manufacturer reported a strong rise in net profit for the first quarter of FY27. The stock touched a 52-week high of โ‚น42.40 during the session as investors reacted positively to the earnings announcement.

At around 12:30 PM, Jindal Worldwide shares were trading near their intraday highs after witnessing heavy buying interest. The stock traded in the range of โ‚น37.63 to โ‚น42.40, compared to the previous close of โ‚น38.34, while over 5.55 crore shares changed hands, indicating strong market participation.

On the financial front, the company reported a consolidated net profit of โ‚น32.4 crore for the June quarter, registering a sharp 85.7% year-on-year (YoY)…

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