Realty Stock Hits Record High As Board Declared To Mull Stock Split Soon; Scrip At 5% Upper Circuit

The opening price of Jamshri Realty Ltd.'s shares on Monday was a record high of Rs 8298.50, which was also the stock's 5% upper circuit limit. Last week, the stock climbed by 13.79%. The company's announcement that the Board of Directors would convene on May 13 to discuss and approve a stock split as well as the release of financial results for the quarter and fiscal year that ended on March 31, 2024, has caused the multibagger real estate stock to rise.

"We wish to inform you that a Meeting of the Board of Directors of the Company will be held on Monday 13th May, 2024, at 601-B, Motimahal, 195, J.T. Road, Backbay Reclamation, Churchgate, Mumbai 400020 at 5.00 p.m. (S.T.) to consider inter-alia the following business:

1. To consider and approve the Audited Financial Results of the Company for the 4th quarter and Year ended on 31st March, 2024.
2. To consider a proposal for sub-division of the Equity shares of the Company from Face Value of Rs.1000/- per share to a Face Value of Rs.10/- per share.
3. To consider and approve appointment of Shri Anand Dalal as an Independent Director of the Company."

"Further the "Trading window" for dealing/trading in securities of the Company by insider shall remain closed from 1st April 2024 till 15th May 2024 (both days inclusive) i.e. till the completion of 2 (Two) working days after the declaration of Audited Financial Results of the Company for the 4th quarter and Year ended on 31st March, 2024," said Jamshri Realty in a regulatory filing.

"We wish to inform you that the Trading Window for dealing /trading in securities of the Company by insider as already intimated to them has been closed from 1st April 2024 till 48 hours from the declaration of Audited Financial Results of the Company for the 4th Quarter and year ended 31st March 2024," the company further informed to the exchanges.

Among the multibagger stocks is Jamshri Realty, whose share price rose from Rs 3,890 to Rs 8,298.50 in the last 1 year, yielding a return of 113.33%. The stock has risen 96.03% year-to-date (YTD) in 2024, while in the previous half-year, it has gone from Rs 3,800 to Rs 8,298.50, resulting in a multibagger return of 118.38%.

Jamshri Realty Ltd. was founded in 1907 and is primarily involved in the establishment of real estate, space leasing, and hospitality.