Jyoti Structures Hits New 52-Week Low at Rs. 10.76

Jyoti Structures, a small-cap player in the heavy electrical equipment industry, has reached a new 52-week low of Rs. 10.76 today, marking a significant downturn in its stock performance. This decline comes after a streak of five consecutive days of falling prices, although the stock has shown some resilience by outperforming its sector by 4.64% today.
Over the past year, Jyoti Structures has faced considerable challenges, with a staggering 64.12% drop in its stock value, contrasting sharply with the Sensex's positive performance of 4.10% during the same period. The company's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent downward trend.

Despite the recent price drop, Jyoti Structures has reported positive results for the last three consecutive quarters, with a profit after tax of Rs. 23.09 crore, reflecting a growth rate of 20.20%. However, the company continues to grapple with high debt levels, evidenced by a debt-to-equity ratio averaging 27.68 times, which raises concerns about its long-term financial stability.