Jindal Worldwide shares surged nearly 20% this week

Jindal Worldwide shares surged nearly 20% this week, hitting a fresh 52‑week high after the reappointment of Amit Yamunadutt Agarwal as Managing Director and the company’s EV arm announcing plans to open 100 electric scooter showrooms across India by FY28. Investors are optimistic as the firm also approved a ₹650 crore rights issue to reduce debt by FY27. 📈 Stock Market Performance Share Price Movement: Hit ₹57.20, a new 52‑week high. Shares rallied 20% in two days following governance and expansion announcements. Trading volumes spiked to 12.5x the 10‑day average, with over 1 crore shares exchanged. Yearly Gains: Stock is up 98% year-to-date. Gained 55% over the past 12 months. 🚀 EV Expansion Plans Subsidiary Jindal Mobilitric will open 100 EV showrooms by FY28. 40 showrooms targeted by FY27, with phased rollout thereafter. Already operational in Srinagar and Jaipur, with 52 dealers appointed nationwide. Manufacturing facility located in Ahmedabad. Focus: customer reach, after-sales support, and disciplined capital allocation.