scorecardresearchJyothy Labs shares climb 6%; hit 52-week high

Jyothy Labs shares climb 6%; hit 52-week high

Updated: 10 Oct 2022, 01:46 PM IST
TL;DR.

During Monday’s trade, Jyothy Labs opened on a slight negative note of Rs. 195.40 against the previous close of Rs. 196.05, however it rallied during the early trading session and was trading at Rs. 207 at 01:00 p.m.

At current levels, the stock is just 14.4% away from its all time high of  <span class='webrupee'>₹</span>234.65, reached on June 2018.

At current levels, the stock is just 14.4% away from its all time high of 234.65, reached on June 2018.

Shares of Jyothy Labs surged almost 6 percent on NSE on Monday, October 10 to hit its 52-week high of 208.45. At current levels, the stock is just 14.4 percent away from its all time high of 234.65, reached on June 2018.

During Monday’s trade, the stock opened on a slight negative note of 195.40 against the previous close of 196.05, however it rallied during the early trading session and was trading at 207 at 01:00 pm.

The stock gave a positive return of 8.23 percent in the past one month. In the last three months, the stock generated a return of nearly 25 percent. Over the past one year the stock delivered a return of 25.16 percent and in the past 3 years, it is up by 30.29 percent. However, in the past 5 years, it has given merely 5.40 per cent returns to shareholders.

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Shares of Jyothy Labs since past six months.

Earlier, last month, ICICI Securities placed a ‘BUY’ call on the stock with a target price of 200/share. Time period given by analyst is one year when the stock price can reach the defined target, ET reported. Given the predicted target price and the stock's current market price, it anticipated an upside of up to 23 percent.

Jyothy Labs Ltd., established in 1992, is an FMCG-focused mid cap company with a market capitalisation of Rs. 6598.74 crore. The company's yearly sales growth of 14.92 percent surpassed its three-year CAGR of 6.29 percent.

The company reported a consolidated total income of 610.43 crore in Q1FY23, up 15.19 percent from the same period last year and 10.50 percent from the previous quarter's total income of 552.44 crore. In the most recent quarter, the company generated a net profit after tax of Rs. 47.73 Crore.

From manufacturing and selling a single product to a household name in the category, Jyothy Labs has come a long way. With a turnover of about Rs. 1,800 Crores, it continue to grow as one of the country’s most trusted brands. Our products are priced affordably, packaged exceptionally and distributed nationally, the company website shows.

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First Published: 10 Oct 2022, 01:43 PM IST