India's Jindal Worldwide hits 14-month high after MD reappointment

Jindal Worldwide

03/09/2026 08:29

** Textile goods maker Jindal Worldwide JINW.NS shares rise 19.2% to 47.9 rupees, hitting their highest level since July 2025 
** Co reappoints Amit Agarwal as managing director for a three-year term until September 2029
** Rally follows JINW's electric vehicle arm Jindal Mobilitric outlining plans to expand its retail footprint to about 100 showrooms nationwide by fiscal 2028
** Stock holds trailing 12 month PE of 47.77 vs industry median of 12.52 - data compiled by LSEG
** Jindal Worldwide's return on equity stands at 8.46%, compared with 0.48% for peer Raymond Lifestyle RAYL.NS 
** YTD, stock up 61.6% vs 37.4% fall in RAYL shares 

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))