Jai Balaji Industries Share Price: Due to pledging of shares, shares of steel company Jai Balaji Industries fell to their lowest level in a year. Some buying took place at lower levels but they are still under a lot of pressure. It had fallen by about 5 percent in intra-day. With this fall, it has come down by about 44 percent from the record high. Currently on BSE it is at a price of Rs 146.80 with a decline of 4.24 percent. In intra-day it fell by 4.96 percent to Rs 145.70. Its shares are showing a lot of pressure since last few months. This year it has come down by more than 18 percent.
With whom has Jai Balaji pledged and how many shares?
Jai Balaji Industries has pledged the shares with Catalyst Trusteeship which acts as security trustee on behalf of the lenders. After the stock split in the ratio of 1:5, the number of pledged shares with Catalyst Trusteeship has increased five times and now it has pledged 15,39,11,165 shares of the company whereas before the stock split, 3,07,82,233 shares were pledged. Were. This is equal to 16.88 percent stake of the company. These shares are Enfield Suppliers, Hari Management, KD Jagodia Steel Industries. Jai Salasar Balaji Industries, Sanjeev Jajodia and Rajiv Jajodia have pledged shares. The company had approved splitting the shares with face value of Rs 10 into shares with face value of Rs 2 in November 2024. Its record date was 17 January.
How were the shares in one year?
Shares of Jayabalaji Industries were at Rs 261.40 last year on February 27, 2024, which is a one-year record high level for its shares. This rise of shares stopped here and in 11 months from this high level, it slipped by more than 44 percent and today on January 22, 2025, it reached the price of Rs 145.70, which is the record low level of one year for its shares. Shares are trying to recover at lower levels but have recovered less than one percent. This is about 44 percent downside from one year high.