9:50 Bonus Issue: Small Cap IT Stock Hits Back-To-Back Upper Circuits, 52-Week High

Shares of small cap stock IT Software sector company Jonjua Overseas Ltd hit back-to-back upper circuits and fresh 52-week high. Last trading price of Jonjua Overseas share is Rs 18.92 per share with intraday gain of 4.99%. Jonjua Overseas shares hit upper circuit for second consecutive day today and fresh 52-week high. Jonjua Overseas shares soared 55% in last 2-weeks only, gained 94% year-to-date, and rallied 73% in last 1-year. Meanwhile, the company fixed October 10, 2023 as record date of 9:50 bonus issue and meet on October 11 to allot bonus shares. Check details below:

Jonjua Overseas To Allot Bonus Shares: As per the BSE filing of Jonjua Overseas issued on October 5, 2023, "We wish to inform you that Meeting of Board of Directors of the Company will be held on Wednesday, 11th October, 2023 at 09:15 AM at corporate office of the company at 545, Jubilee Walk, Sector -70, SAS Nagar, Mohali, Punjab. Purpose of the Board Meeting is to allot 12,08,950 equity bonus shares to the existing shareholders of the company in the ratio 9:50 and to review general day to day affairs and such other matters as board may deem necessary including compliances relating to Bonus issue."

Jonjua Overseas Recommended 9:50 Bonus Shares: The company issued a 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 In Last Few Years: Last trading price of Jonjua Overseas share is Rs 18.92 apiece on BSE. Its 52-week high price is Rs 18.92 apiece and 52-week low price is Rs 8.04 apiece, respectively. The company's market cap is Rs 12.71 crore. Jonjua Overseas shares rallied 21% in last 1-week, gained 60% in last 2-years, and fell 40% in last 3-years.

Jonjua Overseas About: Jonjua Overseas Limited came into existence on February 16,1993. It 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.