| Last week's close (Rs) | 59.48 |
| Prev. week's close (Rs) | 50.65 |
| Week's high (Rs) | 61.65 |
| Week's low (Rs) | 50.13 |
| Last week's ave. daily turnover (Rs cr) | 9.28 |
| Prev. week's ave. daily turnover (Rs cr) | 5.64 |
| Futures close | NT |
| Number of up/down move | 1-Mar |
JBF Industries surged at the bourses after the company announced Rs a 170-crore expansion plan. The scrip went up 17.43 per cent for the week to close at Rs 59.48. Volumes also surged by 50 per cent.
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| Citigroup will invest upto Rs 55 crore along with warrants while ILFS will invest around Rs 16 crore. Post-issue of warrants, Citigroup will have 25 per cent shareholding and IL&FS will have over 7 per cent holding in the company. |
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| Expansion plan is expected to double the turnover of the company by 2007. JBF, a leading manufacturer of Polyester Chips and Polyester Yarn, announced a 35 per cent jump in sales to Rs 894.38 crore in FY05, while net profit increased from Rs 26.66 crore to Rs 29.16 crore. |
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| It has integrated manufacturing facilities in Silvassa with capacities of 1,18,800 tonnes per annum in polyester chips and 60,000 tonnes pa in polyester yarn. |
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