52-Week-High Stock: 1:100 Stock Split, 16th August - Record Date; Extend Dip Buying?

Jamshri Realty Ltd is a small-cap company in the real estate sector. The shares of Jamshri Realty ended on Monday at a fresh 52-week-high level at Rs 17686.65 apiece after surging 2% from the previous closing of Rs 17339.90. The company's market cap was Rs 123.57 Cr on BSE. The buying trend was seen in the stock after the Board of Directors declared a record date for 100:1 stock split.

Jamshri Realty Record Date For Stock Split

"In terms of Regulation 42 (2) of the SEBI Listing Regulations, the Company has fixed Friday, August 16th, 2024 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (One) fully paid-up Equity share having face value Rs. 1000/- (Rupees One Thousand only) each in the share capital of the Company, into 100 (One Hundred) fully paid-up Equity shares having face value Re. 10/- (Rupees Ten only) each, as approved by the shareholders at the 116th Annual General Meeting of the Company held on July 15, 2024," said Jamshri Realty in a stock exchange filing.

Jamshri Realty Q1 Results Date

"We wish to inform you that a Meeting of the Board of Directors of the Company will be held on Wednesday 7th August 2024, at 601-8, Motimahal, 195, J.T. Road, Backbay Reclamation, Churchgate, Mumbai 400020 at 5.00 p.m. (S.T.) to consider inter-alia the following business: To consider and approve the Unaudited Financial Results of the Company for the 1st quarter ended 30th June 2024. Further the "Trading window" for dealing/trading in securities of the Company by insider shall remain closed from 1st July 2024 till 9th August 2024 (both days inclusive) i.e. till the completion of 2 (Two) working days after the declaration of Unaudited Financial Results of the Company for the 1st quarter ended 30th June , 2024," said Jamshri Realty in a stock exchange filing.

Jamshri Realty Share Price Target

"Jamshri Realty's current price movement suggests its stock is trading in extremely overbought conditions at Rs. 17686. This is why, I recommend traders and investors consider entering this stock when the market extends a dip buying opportunity in the range of Rs. 16000 to 11550. However, those planning to buy at the current trend should not invest more than 30% at once. They would benefit more from averaging in case of a potential dip that is likely to be deeper given its current momentum. Those interested may set a target price of Rs. 19500-26500 against a holding period of 1-4 months. However, I urge traders and investors to set a strict stop loss of Rs.13200 post-averaging to limit exposure," recommended V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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