Multibagger Small Cap Stock Hits New 52-Week High As It Trades 1:1 Ex-Bonus Today

Shares of small cap stock that offered over 1600% return in last 3-years is trading ex-bonus today in the ratio of 1:1. JTL Industries shares hit new 52-week today. Current market price of JTL Industries stock is Rs 218.20 per share with intra day gain of 3.39%. The stock hit 52-week high level for fourth straight session. JTL Industries Ltd's consolidated net profit more than doubled to Rs 25.37 crore during June quarter amid higher revenues. Check details below:

JTL Industries Trades Ex-Bonus Today: According to the BSE 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 Stock Outlook & Return: Current market price of JTL Industries stock is Rs 218.20 per share on BSE. Its 52-week high price is Rs 227.85 per share and 52-week low price is Rs 92.85 per share, respectively. It has a market capitalisation of Rs 3682.33 crore. In last 6-months, JTL Industries shares offered 29% return, gained 122% return in last 1-year, and soared 1643% return in last 3-years.

JTL Industries Financial Performance: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 505.57 crore, up 6.86% as against its last quarter total income of Rs 473.09 crore. It announced its recent quarter net profit after tax at Rs 25.37 crore.

JTL Industries 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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