Jindal Worldwide hits new high; stock zooms 50% in three days

Jindal Worldwide hit a new high of Rs 898, up 17% on the BSE, extending its past two days rally in otherwise subdued market.
The stock of textiles Company zoomed 50% from Rs 600 on March 9, 2018, as compared to 1.3% rise in the S&P BSE Sensex. In past one year, it rallied 560% from Rs 136, against 14.6% rise in the benchmark index.

Jindal Worldwide is having a large consumer base in India within the home textile domain and strong and reputed clients like Wal-Mart, Springs, Disney, WestPoint Stevens, Carrefour to name a few, whom the company is serving directly or via vendors.
For the first nine months (April-December) of the current financial year 2017-18 (FY18), the company reported 26.6% year on year (YoY) growth in net profit at Rs 534 million.

Revenue from operations grew 50% to Rs 11,801 million over the same period previous fiscal. Operating profit margin declined 300 bps at 10.5%, due to higher other expenditure, which rose 67% YoY during the period.