SUMMARY
Shares of Jaiprakash Power, Finolex Industries and Jindal Worldwide rose up to 19% today amid cautious sentiment in the broader market. Jaiprakash Power shares rose 19% to Rs 22.79 against the previous close of Rs 19.14. Market cap of the firm rose to Rs 15,488 crore. Total 605.35 lakh shares of the firm changed hands amounting to a turnover of Rs 129.17 crore.
Investor sentiment was upbeat amid Adani Power announcing definitive agreements with Jaiprakash Associates as part of the NCLT-approved resolution plan. Adani Power will buy a 24% stake in Jaiprakash Power Ventures from Jaiprakash Associates for a cash consideration of Rs 2,993.59 crore.
Shares of Finolex Industries and Jindal Worldwide rallied post their Q4 earnings.
Finolex Industries rose 12% to Rs 200.25 against the previous close of Rs 178.45. Market cap of the firm rose to Rs 12,071 crore. Total 12.39 lakh shares of the firm changed hands amounting to a turnover of Rs 24.20 crore. The company reported a 59% year-on-year (YoY) rise in consolidated net profit to Rs 261 crore in Q4 compared to Rs 164.58 crore in the corresponding quarter last year.
Revenue from operations rose 12% YoY to Rs 1,314 crore in Q4FY26 against Rs 1,172 crore in Q4FY25, supported by improved realizations during the quarter.
Jindal Worldwide shares too climbed 14.17% to Rs 34.40 today against the previous close of Rs 30.13. Market cap of the firm stood at Rs 3151 crore. Total 19.71 lakh shares of the firm changed hands amounting to a turnover of Rs 6.47 crore. Jindal Worldwide rose 18.66% to Rs 26.13 crore in the March 2026 quarter against Rs 22.02 crore during March 2025 quarter. Sales rose 5.72% to Rs 640.18 crore in Q4 against Rs 605.53 crore during the previous quarter ended March 2025.
For FY26, net profit fell 7.62% to Rs 69.81 crore against Rs 75.57 crore during the previous year ended March 2025. Sales dipped 0.11% to Rs 2285.54 crore in FY26 against Rs 2288.07 crore during the previous year ended March 2025.
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
FAQs
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Why did Jaiprakash Power shares jump sharply today?
Jaiprakash Power shares rose up to 19% after Adani Power announced definitive agreements to buy a 24% stake in Jaiprakash Power Ventures from Jaiprakash Associates under the NCLT-approved resolution plan. The deal value is Rs 2,993.59 crore, which improved investor sentiment.
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What was Jaiprakash Power share price movement in today’s trade?
Jaiprakash Power stock climbed 19% to Rs 22.79 from the previous close of Rs 19.14. The company’s market capitalisation rose to Rs 15,488 crore, with heavy trading volumes during the session.
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How did Finolex Industries perform in Q4FY26?
Finolex Industries posted a strong Q4FY26 performance, with consolidated net profit rising 59% year-on-year to Rs 261 crore from Rs 164.58 crore. Revenue from operations also increased 12% to Rs 1,314 crore, helped by better realisations.
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Why did Finolex Industries shares rally after the results?
Finolex Industries shares gained 12% to Rs 200.25 after the company reported robust Q4 earnings. Investors reacted positively to the sharp rise in profit and steady revenue growth in the quarter.
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What were the key Q4 and FY26 highlights for Jindal Worldwide?
Jindal Worldwide shares rose over 14% after its Q4 update. In the March 2026 quarter, net profit increased 18.66% to Rs 26.13 crore and sales rose 5.72% to Rs 640.18 crore. However, for full-year FY26, net profit fell 7.62% to Rs 69.81 crore and sales were largely flat at Rs 2,285.54 crore.
Published on: May 27, 2026 12:51 PM IST
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