1:1 Bonus Issue: Penny Stock Sets Record Date, Stock Hits Upper Circuit

Small cap penny stock, Jet Infraventure Ltd fixed April 14, 2023 as record date for 1:1 bonus issue. Soon after the company set the record date for bonus share, the stock of the company hit upper circuit. The stock rallied 21% in last 1-week. The small cap company operates in Retail Sector. Check details below:

Jet Infraventure Ltd Decides Record Date For Bonus Issue: According to the BSE filing of the company, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Friday, 14th April, 2023 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares in the proportion of 1 (One) Equity Shares of Rs. 10/- each for every 1 (One) existing Equity Shares of Rs. 10/- each, subject to the approval of Members, which being obtained through Extra Ordinary General Meeting."

Jet Infraventure Ltd Stock Performance & Return: The last trading price of the stock is Rs 35.23 apiece with intraday gain of 4.98%. The stock's 52-week high is Rs 109.80 apiece and 52-week low is Rs 27.55 apiece, respectively. It has a market capitalisation of Rs 7.38 crore. The stock gave 21% return in last 1-week and fell 62% in last 1-year.

Jet Infraventure Ltd About: The company is mainly working in Maharashtra and Gujarat. Its objective is to make series of residential & commercial projects and create pan India presence. Company got converted into Public Limited Company with effect from 19th August 2014 and its name is changed to Jet Infraventure Limited, according to its official website.

The stock gives details about record date pertaining to bonus issue. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.