Shares of Jetking were trading on Thursday at the highest level of 52-weeks of Rs 235.40, which is more than doubled from Rs 99.89 on April 11. The benefit of year-to-ray is now 104.2%, while the 12-month return is 309.4%to one eye-catching, which is Rs. 139.06 crore.
At the center of this rally, Bitcoin has a high-rate condition of the company, which has rallied more than 42% since April. On Thursday, Bitcoin 8 was trading at 118,631.29. Jetking has 21 Bitcoins on its books, which is now worth around 21.40 crore – over 15% of its market cap.
A crypto axis in the careful market Jetking hinted at his shift towards digital property late last year when he adopted Bitcoin as his primary Treasury Reserve Asset. In a country where the companies listed usually avoid exposure to cryptocurrency, jetking moves have come out.
Earlier this year, the company has paid Rs. 6.10 crore was increased. When he did not disclose the identity of the investors, Jetking confirmed that he deployed with the entire income – with a part of his internal earning – obtaining Bitcoin.
Living events
As of March 31, the company kept 15.02 Bitcoins. By May 28, that number increased to 21, the average was Rs. Buy at a price of 64.65 lakh. Thanks to Bitcoin’s sharp rally in the current value of this holdings, which now represents a large part of the overall market capitalization of jetking.
Fundamentals take the back seat The company’s main business – it is a hardware training – only normal growth. For the March 2025 quarter, Jetking registered a net sales of Rs 5.4 crore, compared to 4.4 crore a year ago. However, in March 2024, Rs. Compared to a loss of 0.6 crore, the bottom line remains in red, with a net loss of Rs 1.3 crore.
Despite these fundamentals, the stock trader has become a favorite, which often moves in the daily circuit. During May and July, jetking stocks have often hit a 2% upper circuit, with only a handful of sessions seeing any damage.
Tesla-style Treasury Play Jetking’s Bitcoin strategy stimulates comparisons with US tech companies like Tesla, which are famously diverse in crypto. But in a strictly regulatory, crypto-altercation environment of India, such steps are very unusual-for a jet-sized company.
By giving the benefit of its balance sheet to get in touch with Bitcoin, Jetking has given an outsider return to its investors, yet its main business remains gentle. What this rally maintains will now depend on the company’s fundamentals on the crypto market sentiment.
Also read | Mobikwick divides 61% down from the peak, the charts indicate up to 4.00 at the top of the 300. Should you buy?
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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