Jyoti Structures jumps 20% as lenders release ₹510.59 crore
In short
Jyoti Structures shares jumped 20% to ₹13 after lenders started releasing ₹510.59 crore in bank guarantees and letters of credit. The release is part of its NCLT-approved resolution plan.
The stock move may help the company with order execution.
What the reporting says
Jyoti Structures shares surged 20% to ₹13 after lenders began releasing ₹510.59 crore in bank guarantees and letters of credit under its NCLT-approved resolution plan. The release is expected to aid order execution. The move boosted the EPC stock after the guarantee overhang began easing.
Why it matters
Jyoti Structures rose sharply after lenders started releasing ₹510.59 crore in bank guarantees and letters of credit under an NCLT-approved resolution plan. The shares hit the upper circuit at ₹13, and the release was linked to improved order execution. The move is positive for the company’s near-term operating flexibility and investor sentiment.