JNK India shares surge over 20% in three sessions; here is why the stock is soaring

On the BSE, JNK India shares gained as much as 10%.

The stock came under buying interest after the company on Monday informed exchanges that it won an ultra-mega order from JNK Global Co., Ltd., Korea for providing support services and supplies to JNK Global for Cracker Furnace Package of a refinery project in India.

The ultra-mega order is valued at more than ₹1,000 crore.

JNK India told exchanges that the order is for providing support services and supplies to JNK Global for Cracker Furnace Package of a refinery project in India. The company received order from the international entity and it has to be executed in India.

JNK India has to deliver the project by February 2, 2028, and JNK Global is one of the promoters of the company. JNK India said that there is no potential conflict of interest arising out of this transaction.

JNK India Q1 earnings

In the first quarter of current financial year, JNK India's net profit fell sharply by 83% to ₹1.1 crore from ₹6.5 crore in the same period last year.

Its revenue from operations, however, rose 12.5% to ₹99 crore as against 88 crore in the year-ago period.

The company reported weak operational performance as its operating profit also known as EBITDA declined 68% annually to ₹3.15 crore from ₹9.86 crore.

Its EBITDA margin contracted by 8090 basis points to 3.18%.

As of 10:53 am, JNK India shares traded 6.555 higher at ₹325.45, outperforming the NIFTY50 index which was up 0.3%.