52-Week High: Metal Stock Declares 1:1 Bonus Issue, To Go Ex-Dividend On Aug 4

Small cap stock from metals & ferrous sector, JTL Industries today traded new 52-week high after the company declared bonus share in the ratio of 1:1 and June quarter's net profit more than doubled. Current market price of JTL Industries share is Rs 374.10 apiece on BSE. JTL Industries stock soared 70% in last 1-year and 1246% in last 3-years. Check details below:

JTL Industries Q1 Results: The company announced its quarterly results on July 29 where its net profit for June 2023 more than doubled to Rs 25.37 crore as against Rs 12.07 crore net profit declared in the same quarter previous year. Sequentially, the net profit of JTL Industries fell from Rs 36.65 crore in Q4 FY2023. Total revenue from operations surged 38% to Rs 504.80 crore in Q1 FY2024 as against Rs 368.04 crore in similar quarter previous year.

JTL Industries Announces 1:1 Bonus Share: Board of directors of JTL Industries on July 29 also approved bonus share in the proportion of 1:1 which implies shareholders will receive 1 bonus share for every 1 share held as on record date. Meanwhile, the announcement is subject to the approval of shareholders to be obtained in the ensuing AGM. The record date for the issue of bonus shares shall be intimated later, according to its BSE filing.

JTL Industries Dividend: The company on April 16, 2023 also recommended a final dividend of Re 0.20/- per equity share of Rs 2/- each of the Company for approval by the shareholders at the ensuing AGM. The company fixed Friday, August 4, 2023 as the record date for final dividend.

JTL Industries Stock Performance & Return: Last trading price of JTL Industries share is Rs 374.50 per share with intraday fall of 1.72%. Despite decline in shares today, the stock in today's trading hit 52-week high. Its 52-week high price is Rs 388.95 per share and 52-week low price is Rs 185.70 per share, respectively. It has a market capitalisation of Rs 3,162.36 crore. JTL Industries stock offered 19% return YTD, surged 212% in last 2-years, and gave return of 1247% in last 3-years. In last 5-years, JTL Industries stock rallied 1207%.

JTL Industries About: JTL Industries Limited (Formerly known as JTL Infra Limited) is the largest producer of Electric Resistance Welded (ERW) steel pipes including one of the largest section pipe & tube manufacturers in India, according to its official website.

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