This EPC stock under ₹15 hits 20% upper circuit after ₹510 crore bank guarantee release boosts order execution
A Ksheerasagar
Shares of beaten-down Jyoti Structures witnessed renewed buying interest in Wednesday's trade, November 11, with the stock surging 20% to close at ₹13, marking its biggest single-day gain in recent times.
The shares came into investors' radar after the company announced that it had mobilised substantial bank guarantees and letters of credit issued by its lenders pursuant to the resolution plan approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.
The development follows an order passed by the National Company Law Appellate Tribunal (NCLAT), New Delhi, on May 26, 2026. In accordance with the order, the company had made further specific requests to its lenders for the release and disbursal of bank guarantees and letters of credit in line with the NCLT-approved resolution plan and the orders passed by the tribunal.
After a delay of five years, lenders have now started progressively releasing and disbursing bank guarantees and letters of credit worth ₹510.59 crore envisaged under the NCLT-approved resolution plan, following the company's requests.
Jyoti Structures said these facilities are being made available in line with its current business requirements.
The non-availability of these bank guarantees and letters of credit had so far been a limitation for the company in executing its order book. Their availability is now expected to further strengthen its operational platform and reinforce its ability to efficiently execute its growing order book.
The development is also expected to support the company's efforts to pursue new opportunities in the power transmission and infrastructure sectors.
Today's rally has pushed the stock to its highest level since June and turned its year-to-date returns positive at 33%, marking a sharp reversal from its 61% crash in 2025. However, the stock has remained highly volatile over the past decade and is still down 95% from its record high of ₹278.80 apiece.
The company is almost entirely owned by retail investors, with public shareholders holding around 99% of its equity at the end of the September quarter.
A Ksheerasagar
Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends.
Get Latest real-time updates
Catch all the Business News , Market News , Breaking News Events, JIO IPO Listing Today LIVE and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
HomeMarketsStock MarketsThis EPC stock under ₹15 hits 20% upper circuit after ₹510 crore bank guarantee release boosts order execution
✕
Wait for it…
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.