New Delhi. The stock of JSW Holdings Limited continued its upward trend in the fourth trading session today. Today, the stock has jumped 10 percent to an all-time high of Rs 16,965.85 (JSW Holdings Share Price). The JSW Holdings share price has risen by 70.48 percent in four trading sessions. This stormy rise in the stock has also attracted the attention of the exchanges. BSE and NSE have placed the shares of JSW Holdings under the short-term ASM (additional surveillance measure) framework and have sought an explanation from the company on the sharp fluctuations in the share price.

BSE and NSE usually place a stock in the short-term ASM (Additional Surveillance Measures) framework to alert investors to excessive volatility in the stock price. The exchange has sought clarification from JSW Holdings on volume movement on November 11, 2024, to which a reply has not been received yet. On the other hand, on this whole matter, JSW Holdings said that its shares are freely tradable and trading volume is entirely based on market demand. Therefore the company cannot comment on this.

Market capitalization is Rs 18,831.46 crore.
JSW Holdings has a market capitalization of Rs 18,831.46 crore. Today, 2,414 shares were traded on BSE, which was lower than the average volume of 3,830 in the last two weeks. The total value of this transaction was Rs 4.03 crore. Shares of JSW Holdings are trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMA). The 14-day Relative Strength Index (RSI) of the stock is at 60.08, which indicates that the stock is neither in the oversold zone nor in the overbought zone. Promoters hold 66.29 percent stake as of September 2024.

Profit increased by 89 percent

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The company's profit increased by 89.30 percent to Rs 119.64 crore in the quarter ended September 2024 (Q2 FY25). Revenue from operations increased by 81.88 percent to Rs 162.18 crore during the same period. The company's revenue during the same period last year was Rs 89.17 crore.