📈 Jyoti Resins Share Price Reaches All-Time High on 03 JUNE 2024 📈
Investing in the stock market involves risks. This statement holds true for those who invest without proper study and without emotions. However, the market never disappoints those who invest with enough research, time, and hands-on experience. Jyoti Resins and Adhesive Limited shares have proven this.
In intraday trading, the company’s share price surged by 7.8% today, reaching a high of ₹1,414. Over the past 10 years from 2014 to 2024, the stock has gained a staggering 52,661%. The share was trading at ₹2.68 on 15th May 2014 and on Monday (03 JUNE 2024), it was trading at ₹1,328, up by 1.03%.
According to Kranti Bhatnagar, Director of Wealthmill Securities, midcap and small-cap shares had a poor performance before 2014. However, post the Narendra Modi-led government coming to power in 2014, the economy has shown more resilience. The pace of development has been increasing steadily. Many small and micro-cap companies have capitalized on this changing scenario.
Jyoti Resins and Adhesive Limited’s share reached a 52-week high of ₹1,780.05 and touched a low of ₹1,181.05. The company’s market cap stands at ₹1,658.94 crores.
The shares of Jyoti Resins and Adhesive Limited have provided strong returns to their investors over the long term. On 18th April 2004, the stock was trading at 17p. Its current price is ₹1,414. This means that the stock has grown by 831,664% since 2004. Proper accounting will give a clear picture of the returns on investment. If an investor had invested ₹1 lakh 20 years ago, it would have grown to approximately ₹14 crores today.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
