News for Jai Corp Limited (JAICORPLTD.BO)

Nifty 50 stocks fluctuate, with Bajaj Auto leading gainers and Eternal, Infosys, Tata Consumer Products declining. Market remains volatile.

Top gainers & losers today: Banking stocks fell, including NBFCs Cholamandalam, IIFL Finance, Muthoot Finance, Manappuram Finance as RBI revised repo rate and aims to issue comprehensive regulations on prudential norms for gold loans.

Power Grid, Hindalco, Trent, Nestle India and Hero MotoCorp were among the top losers on NSE.

The Nifty Auto index was trading 1.01 per cent up at 20015.35.

The Nifty Pharma index was trading 1.24 per cent up at 20243.4.

The Supreme Court upheld the Bombay High Courts order directing CBI to form an SIT to investigate complaints against Jai Corp and its director, Anand Jain, for allegedly defrauding public investors of ₹2,434 crore. However, Jai Corp can seek quashing of the FIR before an appropriate court.

The Supreme Court upheld the Bombay High Court's directive to form a special investigation team (SIT) to probe allegations of Jai Corp and its director Anand Jain defrauding public investors. Despite previous investigations finding no merit, the case will proceed with a fresh CBI probe.

BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars. Notable laggards included BMW Industries, Triveni Turbine, Orchid Pharma, and Coffee Day Enterprises.

The Bombay High Court directed the CBI to investigate Jai Corporation and its promoter AnandJaikumar Jain for cheating and fraud. Allegations include conspiring to cheat investors by using forged documents, diverting funds to sister concerns and entities in Mauritius and Jersey for personal gain, and fraudulent exports to Australia and USA.

Jai Corp Ltd, which lost 69 per cent of its market value till Thursday, fell another 4 per cent on Friday. Vakrangee, Best Agrolife, Zen Technologies and Quick Heal Technologies plunged 51-68 per cent during the same period.

March has historically favoured the bulls, delivering positive returns in 10 of the last 15 years; analysts say there may be some recovery

Emkay Global Financial Services said Q2FY25 earnings season was disappointing, with single-digit PAT growth for the Nifty and BSE500

Reliance Industries Ltd, Tata Motors Ltd, Asian Paints Ltd and Power Grid Corporation of India Ltd were among four Sensex stocks hitting their fresh 52-week lows.

Stock market today: There are concerns rupee may depreciate further, leading to foreign outflows that already touched Rs 88,000 crore in 2025 so far.

BPCL, Kotak Bank, HCL Tech, Power Grid and RIL were among the top losers on NSE in today's trade.

Zensar Tech, Reliance Naval & Engg, United Polyfab Gujar, Wipro and BGR Energy, hit their fresh 52-week highs during the day.

The Nifty Realty index closed 1.0 per cent at 873.70.

The Nifty IT index closed 1.79 per cent at 43351.75.

The Nifty Bank index closed 0.28 per cent at 48589.00.