Jindal Worldwide Shares Hit 20% Upper Circuit For Second Straight Day

Jindal Worldwide Limited shares hit the 20% upper circuit at ₹48.22 on 3 September. On 4 September, the stock surged another 20% in intraday trade, hitting a 52-week high of ₹57.20. The rise comes after the company announced the reappointment of Amit Yamunadutt Agarwal as its managing director, effective 3 September, in a regulatory filing made after market hours on 2 September.

The stock has now rallied for two consecutive trading sessions, having gained up to 19.8% on Thursday, 3 September. Shares have surged over 98% since the start of the year and more than 55% over the past 12 months. The stock had closed 4.5% lower on September 2, before the management reappointment announcement.

More than 1 crore shares were traded on the stock exchanges during intraday trade on Friday, while trading volumes were over 12.52 times the stock's 10-day average. The stock has closed in the green in seven of the previous 10 trading sessions.

Jindal Worldwide Share Price

At the latest trading session on 4 September, Jindal Worldwide shares had surged up to 20%, touching ₹57.20, a fresh 52-week high. On 4 September, the shares closed at ₹57.51, up 19.44%, on the National Stock Exchange (NSE). The day's high was ₹57.78, while the day's low stood at ₹49.02.

The stock had gained 10% on 1 September before declining 4.5% on 2 September. It then rallied up to 19.8% on 3 September, followed by another 20% surge on 4 September.

Dealer Network Supports Pan-India EV Expansion

Jindal Mobilitric has appointed 52 dealers across India to support its planned showroom expansion. The network is intended to help the company expand its market presence across both urban and semi-urban locations.

The company plans to open around 40 outlets by the end of FY27. The remaining showrooms will be added progressively through FY28.

The expansion comes as Jindal Mobilitric’s Ahmedabad manufacturing facility is now fully operational, and the company has opened its first two showrooms in Srinagar and Jaipur.

The company described the next two years as an important phase for its expansion. Amit Agarwal, Director of Jindal Mobilitric Private Limited, said the business remains committed to reaching the 100-showroom target by FY28.

With manufacturing already operational and the dealer network taking shape, the planned showroom rollout marks the next stage of Jindal Mobilitric's EV expansion.

Jindal Worldwide Shareholding Pattern

The latest shareholding data available for the company shows that the majority of its shares were held by promoters at 61.76%, followed by public ownership at 38.24%. As of June 2026, only 0.09% of its shares are held by foreign institutional investors, while it had no domestic institutional investors.

Last month, the Gujarat-based textile manufacturer had approved raising up to ₹650 crore through a rights issue of equity shares. It said the issue would be offered to eligible shareholders on a record date to be announced later, subject to regulatory approvals.

The board had also formed a Securities Issuance Committee to finalise the issue price, entitlement ratio, record date and payment schedule. It approved raising the authorised share capital from ₹101 crore to ₹146 crore, subject to shareholder and regulatory approval.

The company, valued at ₹5,723.85 crore, is involved in weaving and the manufacture of cotton and cotton-mixture fabrics, and had announced strong earnings in late July for the quarter ended June 2026.

Jindal Worldwide's total income had risen 18.6% to ₹569.44 crore from ₹479.82 crore in the year-ago period, with revenue up 18.89% to ₹568.72 crore from ₹478.34 crore over the same period. Net profit rose 6.25% to ₹14.79 crore from ₹13.92 crore.

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