Jain Resource Recycling Shares Surge Almost 7% Following A Robust Rise in Q2 Profits and JV Deal

Mumbai, October 23, 2025: Jain Resource Recycling Ltd (NSE: JAINRESRC) stocks increased by 6.79% to ₹379.41 in the early morning today, after the firm recorded good results in the second quarter and a new joint venture with C&Y Group Investments, Inc. in Gujarat. The stock also recorded a new 52-week high of ₹374.75.

Jain Resource Recycling’s stock price was ₹367.86 at 12:45 PM, representing a positive change of ₹12.56 compared to the previous closing price of ₹355.30. The VWAP stood at 369.13, and the total shares asked and sold amounted to 26.83 lakh, valued at 99.01 crore. The company’s market cap is 13,078.75 crore.

Jain Resource Recycling Limited, listed on the NSE and part of the NIFTY IPO Index, operates in the diversified metals industry. The company focuses on recycling non-ferrous metals and developing sustainable industrial solutions aligned with India’s growing circular economy initiatives.

Q2 FY26 Financial Highlights

For the March-ending quarter of FY26, the company reported its best-ever quarterly performance, with operating revenue increasing by 51.8% YoY to ₹2,113.7 crore and net profit rising by 77.7% YoY to ₹99.2 crore, driven by robust demand for products in the recycled metals category and improved operating margins.

New Joint Venture in Gujarat

Jain Resource Recycling also signed a Joint Venture Agreement with C&Y Group Investments, Inc. to establish a recycling and manufacturing facility in Gujarat. The strategic collaboration aims to strengthen its presence in sustainable metal recovery and expand its circular economy footprint across India.

Market Performance Snapshot

The stock commenced trading at ₹359.45, peaked at ₹387.98, and fell to a session low of ₹358.71. It achieved a VWAP of ₹369.13 and a traded value of ₹99.01 crore. The stock’s 52-week range is ₹247.57 to ₹374.75, and the free-float market cap is ₹1,106.22 crore.

REF:https://nsearchives.nseindia.com/corporate/JAINMETAL_22102025190028_Stock_Exchange_Intimaiton_Consolidated_Sept_2025_Results.pdf

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