2 To 1 Stock Split Approved: Metal Stock Zooms 25.15% After 1:1 Bonus Issue In 2023

JTL Industries today recommended stock split/sub-division of shares in the ratio of 1:2 implying one share will be split into two new shares as on the record date. The company has yet to announce record date for stock split. Last trading price of JTL Industries Ltd shares on BSE is Rs 238.45 per share. The company on July 29, 2024 recommended 1:1 bonus share.

The share price of JTL Industries stood at Rs 190.53 on July 28, 2024 and today the stock price has surged to Rs 238.45, indicating a rally of 25.15%. JTL Industries has a market capitalisation of Rs 4,437.98 crore. JTL Industries shares offered return of 14% in last 6-months and gained 2772% in last 5-years. Check key details below:

JTL Industries Recommends Stock Split: As per the exchange filing of JTL Industries dated 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. In last 1-year, JTL Industries shares surged 7% return, rose 87% return in last 2-years, and offered return of 164% return in last 3-years. In last 10-years, JTL Industries shares jumped 4083%.

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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