1:2 Stock Split Soon: Metals Stock FALLS 6.33% In 1-Day, FII/FPI Increased Stake

JTL Industries shares slipped nearly 6.33% in last 1-week and more than 2% in last 1-week. Last trading price of JTL Industries shares on BSE is Rs 223.35 per share. The company has a market capitalization of Rs 4156.94 crore. Earlier on October 3, 2024, the Board of Directors have approved 1:2 stock split with record date yet to be issued. JTL Industries shares zoomed over 2% in last 1-year and gained more than 2774% in last 5-years.

JTL Industries Dividend History: JTL Industries announced 3 dividends since September 13, 2021. In last 1-year, JTL Industries announced an equity dividend amounting to Re 0.25 per share. At the current share price of Rs 223.35, JTL Industries offers a dividend yield of 0.11%.

Shareholding: FII/FPI have increased holdings from 4.48% to 5.82% in June 2024 quarter. Number of FII/FPI investors increased from 17 to 20 in June 2024 quarter. Mutual Funds have increased holdings from 0.07% to 0.30% in June 2024 quarter. Number of MF schemes increased from 2 to 3 in June 2024 quarter. Institutional Investors have increased holdings from 4.55% to 6.12% in June 2024 quarter. Morgan stanley asia singapore pte - odi has 1.23% stake in JTL.

JTL Industries Approves Stock Split: As per BSE filing of JTL Industries issued as on October 3, 2024, "sub-division/split of 1 (one) Equity Share of the Company having face value of Rs. 2/- each into 2 (Two) Equity shares of the Company having face value of Rs.1 each, subject to the shareholders' approval, to be obtained in the ensuing extra-ordinary general meeting and such other approvals as may be required. In this regard, the record date for such division/ split shall be intimated to the stock exchanges in due course."

JTL Industries Bonus Share In 2023: As per the exchange filing of JTL Industries dated August 21, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, this is to inform that the Company has fixed Thursday, the 07th day of September, 2023 as the Record Date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. one new bonus equity share of Rs. 2/- each for every one existing equity share of Rs. 2/- each held subject to the approval of shareholders in the ensuing 32nd Annual General Meeting of the company to be held on 30th August, 2023."

JTL Industries Shares Performance: The 52-week high price of JTL Industries shares on BSE is Rs 276.60 per share (as on 28/02/2024) and 52-week low price is Rs 167.10 per share (as on 12/03/2024), respectively. JTL Industries shares slipped 6% year-to-date. In last 1-year, JTL Industries shares zoomed nearly 7% return, offered return of 71% return in last 2-years, and rallied 144% return in last 3-years. In last 5-years, JTL Industries stock surged 2774%.

About: JTL Industries Limited produces and exports galvanized steel tubes and pipes as well as heavy structural steel and hollow sections. JTL Industries is one the largest producer of Electric Resistance Welded (ERW) steel pipes including one of the largest section pipe & tube manufacturers in India, with a capacity to produce more than 6 Lakh Metric Tonnes per annum. It caters extensively to the region and exports to various countries globally. The company's vast distribution network is spread across India, having branch offices in Delhi, Mumbai & Chandigarh, making it one of the leading GI pipe manufacturers in India, according to its official website.

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