Rising from the ashes: How a 50-year-old smallcap company avoided bankruptcy and delivered multibagger returns
Founded in 1972, Jayaswal Neco Industries, a smallcap company with a market cap of just over Rs 7,200 crore, is one of India’s oldest private-sector integrated steel companies, with operations spanning mining, iron-making and rolled steel products. However, the company had a tumultuous journey from heading to near bankruptcy to scripting a strong rebound with…