Jindal Saw Shares Decline 3 Post Cresta Fund S Withdrawal

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Jindal Saw shares decline 3%, post Cresta Fund's withdrawal

ri-calendar-2-lineJul 19, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

Jindal Saw share prices fell by 3% on Wednesday after the US-based foreign portfolio investor (FPI) Cresta Fund sold its 0.78 percent equity holding in the company for Rs 82.5 crore through open market transactions.

On Monday, at an average price of Rs 330, Cresta Fund Management sold 25 lakh shares or 0.78 percent of its ownership position in the company.

The FPI-led stake sale caused a spike in share trading that brought the monthly average of 19 lakh shares traded at both exchanges to 58 lahks.

The company recorded consolidated revenue of Rs 17,868 in FY23, an increase of 34.3 percent from the reported revenue of Rs 13,298 in FY22. The company's net profit increased 18% in FY23 to Rs 443 crore from Rs 376 crore as reported in the prior year. However, the operating profit margin (OPM) decreased from 11% in FY22 to 9% in FY23, a decline of 200 basis points.

Source: Media Reports

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartCommodities

Why Gold Remains a Safe Haven Amid Global Economic Shifts in 2025

0 people read

4 mins read . Sep 5, 2025

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions