Jai Corp Ltd Share Price – NSE  / BSE

Plastic products, Small Cap

Capri Global Capital Ltd, PDS Ltd, VST Industries Ltd and Edelweiss Financial Services Ltd are among the other losers in the BSE's 'A' group today, 30 August 2024.

Jai Corp Ltd lost 5.91% to Rs 369.3 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.59 lakh shares were traded on the counter so far as against the average daily volumes of 88515 shares in the past one month.

Capri Global Capital Ltd crashed 5.04% to Rs 202.45. The stock was the second biggest loser in 'A' group.On the BSE, 1.24 lakh shares were traded on the counter so far as against the average daily volumes of 63709 shares in the past one month.

PDS Ltd tumbled 4.42% to Rs 551.15. The stock was the third biggest loser in 'A' group.On the BSE, 19195 shares were traded on the counter so far as against the average daily volumes of 12945 shares in the past one month.

VST Industries Ltd dropped 4.18% to Rs 4567.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 12745 shares were traded on the counter so far as against the average daily volumes of 8600 shares in the past one month.

Edelweiss Financial Services Ltd pared 4.18% to Rs 105.76. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.5 lakh shares were traded on the counter so far as against the average daily volumes of 14.58 lakh shares in the past one month.

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The buyback price fixed at Rs 400 per equity share, representing a 1.91% premium to Thursday’s closing price of Rs 392.50 on the BSE.

Jai Corp will buyback up to 29, 44,415 fully paid-up equity shares, representing up to 1.65% of the total paid-up equity shares of the company.

The buyback offer size represents 9.94% and 9.72% of the total paid-up equity share capital and free reserves (including securities premium account) as per the latest audited standalone and consolidated financial statements of the company as on 31 March 2024, respectively.

Further, the promoters of the company have expressed their intention to tender shares under the buyback offer.

The company has fixed Tuesday, 10 September 2024 as the record date for the purpose of ascertaining the eligibility of shareholders for buyback of equity shares.

Jai Corp in the manufacturing activities which produces Woven Sacks/Fabric, Jumbo Bags, HDPE Twine, PP Staple Fibre and Geotextiles, Spun Yarn and production, processing and trading of Galvanised steel product and involved in Investment Advisory Services.

The company’s consolidated net profit zoomed 148.3% to Rs 13.73 crore in Q1 FY25 as against Rs 5.53 crore reported in Q1 FY24. Net sales rose 4.6% year on year to Rs 120.92 crore during the quarter.

Shares of Jai Corp slipped 4.82% to Rs 373.95 on the BSE.

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Jai Corp has fixed 10 September 2024 as record date for the purpose of ascertaining the eligibility of shareholders for buyback of equity shares.

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The Board Jai Corp at its meeting held on 29 August 2024 has approved the buyback of up to 29,44,415 equity shares of the company at a price of Rs 400 per share payable in cash for an aggregate amount of Rs 117.77 crore.

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