9:50 Bonus Issue: Penny Stock Hits 5 Upper Circuits In A Row As Record Date Nears

Small cap stock from the IT Software sector, Jonjua Overseas Ltd witnessed back to back upper circuits for 5 days in a row from September 25 to September 29, 2023. Earlier, board of directors of Jonjua Overseas fixed October 10, 2023 as the record date for 9:50 bonus shares. It implies shareholders will obtain 9 bonus shares for every 50 shares held on October 10. Jonjua Overseas shares offered return of 60% YTD and 43% return in last 1-year. Check details below:

Jonjua Overseas Fixes Oct 10 As Record Date For Bonus Issue: Jonjua Overseas stated in its regulatory filing on September 22, 2023 stating, "Board of Directors has fixed Tuesday, 10th October, 2023 as the "Record Date" for the purpose of ascertaining the names of shareholders entitled for fully paid up Bonus equity shares in the ratio of 9:50 (issue of 9 equity share for every existing 50 equity shares), subject to approval from shareholders during the meeting on 30th September, 2023 and other necessary approval from Stock exchange and other authorities."

Jonjua Overseas Stock Outlook & Return: Last trading price of Jonjua Overseas share is Rs 15.59 per share with intraday gain of 4.98%. Its 52-week high price is Rs 17.49 per share and 52-week low price is Rs 8.04 per share, respectively. The company's market capitalisation is Rs 10.47 crore. Jonjua Overseas shares surged 27% in last 1-week as a result of back-to-back upper circuits. The stock hit 5 consecutive upper circuits from September 25 to September 29, 2023. Jonjua Overseas stock gained 38% in last 1-month only, rallied 56% in last 6-months, soared 43% in last 1-year, and fell 50% in last 3-years.

Jonjua Overseas About: Jonjua Overseas Limited was incorporated in the State of Punjab, India on February 16,1993. The company is promoted by Major Harjinder Singh Jonjua (Retd.) - Founder Managing Director and Mrs. Maninder Kaur Jonjua - Founder Director. It operates as an IT enabled and certified service provider. It offers information technology solutions and business services that may include startup consultancy, project finance and IPO, among others.

Disclaimer: The stock highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.