DSIJ Mindshare

Shares of the company have gained about 70 per cent in the last six months.

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.

The company has a market capitalization of over Rs 3,500 crore. The company has been maintaining a healthy dividend payout of 29.8 per cent. At the closing bell, shares of the company were trading at Rs 376.65 per share, up 1.80 per cent with a spurt in volume by more than 4.08 times on BSE.

The company has an order book of more than Rs 230 crores.

On August 25, 2023, the abrupt decline in the stock market resulted from substantial investor selling, aimed at booking profits being one of the reasons. Foreign Institutional Investors (FIIs) offloaded shares worth 4,638.21 crore, while Domestic Institutional Investors (DIIs) acquired shares worth 1,414.35 crore.