Jindal Worldwide shares surged 20% for the second consecutive day on Friday, September 4, touching a fresh 52-week high of ₹57.78 per share after the company reappointed its managing director. The stock has delivered exceptional performance with a total surge of 44% in the last two trading sessions, marking a second day of upper circuit. According to NSE data, trading volumes surged past 189 million equity shares across NSE and BSE, triggering the high-volume gains. The rally followed the company's announcement of the reappointment of Amit Yamunadutt Agarwal as its managing director for three consecutive years from September 3, 2026 to September 2, 2029. As per the NSE filing, the reappointment was approved by shareholders at their 40th Annual General Meeting held on Tuesday, September 1, 2026.
The company's shares have demonstrated remarkable performance with surging over 99% year-to-date in 2026 and gaining more than 56% over the trailing 12-month period. As reported by CNBC TV18, the stock had closed up to 4.5% lower just before the announcement was made, but has closed in the green in seven of the previous 10 trading sessions. Trading volumes were particularly strong with more than 1 crore shares traded during Friday's intraday session, displaying large volumes at over 12.52 times its 10-day average. The stock's performance reflects strong investor confidence in the company's leadership continuity and strategic direction, particularly driven by the EV expansion plans. According to NSE data, the company's shares have been trading 52% higher over the last five sessions and have delivered more than 362% returns to investors in the last five years, though the stock has lost 25% in the last three years.
According to the latest shareholding data reported by CNBC TV18, the majority of Jindal Worldwide's shares are 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. The company is valued at ₹5,792 crore as of the trading session on Friday, September 4, 2026, and operates in weaving and manufacturing of cotton and cotton-mixture fabrics. The company also approved the re-appointment of Vikram Pushpak Oza as the Non-Executive Non-Independent Director, liable to retire by rotation under Section 152 of the Companies Act, 2013.
On Monday, the company's electric vehicle subsidiary Jindal Mobilitric announced ambitious expansion plans to scale its retail network to approximately 100 showrooms across India by the end of FY28, as part of its strategy to strengthen last-mile customer experience and accelerate EV adoption nationwide. According to the latest NSE filings, the company aims to open 40 showrooms by the end of FY27, with plans to commission the remaining showrooms progressively through FY28. This calibrated roll-out is designed to ensure consistent quality of customer experience, robust after-sales support, and disciplined capital allocation as the network scales. The EV expansion has been the primary driver of the stock's 66.28% year-to-date gains, reflecting strong investor confidence in India's electric mobility sector. NSE filings also showed that the company has already commenced commercial operations, with its manufacturing facility in Ahmedabad fully operational.
According to CNBC TV18, the company announced strong earnings in late July for the quarter ended June 2026. 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 in the corresponding period. The company's consolidated net cash flow from operating activities stood at ₹167.16 crore in FY26, as against ₹5.45 crore in FY25. For the TTM ended FY26, revenue from operations witnessed a strong growth of 26.13% to ₹2288.07 crore, while net profit eased 0.11% to ₹75.57 crore. The company's profit before tax (PBT) stood at ₹39.72 crore in Q2 FY26, rallying 74.52% year-on-year, and EBITDA came in at ₹12 crore, crashing by 68.43% YoY and nosediving by 70.62% sequentially.
