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Shares Of Jyoti Structures Ltd Hit Upper Circuit: Here Is Why

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The shares of Jyoti Structures Ltd is rising today and hit 5% upper circuit after it secured a contract from Sterlite Power Transmission Ltd for turnkey supply and construction of 400 KV & 220 kV Double Circuit transmission line in Goa & Karnataka, according to the company's regulatory filing.

 
Shares Of Jyoti Structures Ltd Hit Upper Circuit: Here Is Why

According to the company's BSE filing, "This is to inform you that Jyoti Structures Limited has secured a contract from Sterlite Power Transmission Limited for turnkey supply and construction of 400 KV & 220 kV Double Circuit transmission line in Goa & Karnataka. The contract is valued at Rs. 237 Crores including GST and is to be commissioned in phased manner by December 2023 and July 2024."

The current market price of the stock is Rs 17.70 apiece with an intraday gain of 3.81%. Its 52-week high is quoted at Rs 25 apiece and 52-week low at Rs 12 apiece, respectively. The company has a market capitalization of Rs 1,123.11 crore.
The shares opened at 17.65 apiece, scaled the day's high at 17.90 and day's low at
Rs 17.50.

The company has given a 5-years return of 56%, 1 year return of 12%, and fell 8% in the last 6 months. It has surged 24% in the last 3 months and 8% in last 1 month.
Jyoti Structures Ltd. (JSL) is a provider of diverse turnkey solutions for High Voltage Power Transmission Lines, Substations and Distribution Lines. The company provides a vast range of services including design, engineering consulting, tower testing, manufacturing, construction and project management.

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