A number of mutual funds companies, including State Bank of India, UTI, ICICI, Mirae Asset, Axis Bank, Kotak Bank, HDFC Bank, Aditya Birla, Nippon India, Canara Bank, Quant Funds, Sundaram Finance, Tata Group Funds, HSBC Bank, Life Insurance Corporation of India, etc, acquired shares of JFS.

Looking at the broader market sentiment, approximately 1167 stocks advanced while 622 stocks declined. This equilibrium pointed towards a cautious yet optimistic sentiment prevailing in the broader market landscape.

The broader market sentiment was cautiously positive, as around 1002 stocks advanced compared to 984 declining stocks, indicating a mix of caution and optimism in the market.

Shares of the company gained more than 30 per cent in the last six months.

Assessing the broader market sentiment, approximately 993 stocks are on an upward trajectory, while 887 stocks are witnessing declines. This balanced discrepancy reflects a neutral sentiment prevailing in the broader market landscape.

In terms of market breadth, approximately 339 stocks were advancing, while around 1574 stocks were declining. This distribution highlights the prevailing negative sentiment within the broader market.

On August 10, foreign institutional investors (FII) bought shares worth Rs 331.22 crore, while domestic institutional investors (DII) purchased shares worth Rs 703.72 crore.

The broader market sentiment appeared upbeat, with approximately 1165 advancing stocks in contrast to 658 declining stocks. This equilibrium reflects an overarching optimistic outlook in the broader market landscape.

Overall, about 1000 stocks advanced, and 836 stocks declined, suggesting a positive broader market sentiment and a promising start to the trading session.

With a market capitalisation of just Rs 55 crore, the stock has generated a multibagger return of 383 per cent in three years.