Jai Corp shares started the day on a relatively positive note, opening flat at Rs 102.59.

Jai Corp shares have wavered since the beginning of the intraday trade on Thursday.

The shares of the company even rose slightly thereafter. However, the company shares further declined, only to rise again.

CBI Case Against Director

These developments come to pass after the Central Bureau of Investigation or CBI, registered a case against Jai Corporation Ltd. along with its director, Anand Jain, on the orders of the Bombay High Court.

The CBI filed a case of alleged cheating, amounting to Rs 2,434 crore.

When it comes to the company shares, this topsy-turvy day is like the ups and downs experienced in the larger equity markets. The Indian markets have had a volatile day so far, with major crests and troughs in the first half of the day's trade.

The company shares performed well on Wednesday, with gains of 4.99 per cent or Rs 4.88, taking the overall value to Rs 102.59 per piece.

Company Shares On Thursday

The happenings on Thursday however, were a lot more convoluted. The company shares, as suggested before, started the day flat, only to dip, and then gains some momentum. The company shares hot the low of Rs 100.53 per piece.

At the time of writing, the company shares made gains worth 1.02 per cent or Rs 1.05. This took the overall value of the company shares to Rs 103.64 per piece.

Jai Corp previously made it to the news when its shares dipped significantly at the beginning of 2025.

On January 2, the company shares hit a 52-week low, hitting the lower circuit, after a monumental collapse of 20 per cent.

This came to pass after the company announced a major capital reduction proposal involving Urban Infrastructure Holdings Private Limited (UIHPL).