1:1 Bonus Share: Small Cap Metal Stock Trading Near 52-Week-High Approves Bonus Shares

JTL Industries Ltd. has announced that the Board of Directors approves Bonus shares in the ratio of 1:1 i.e. 1 (one) Equity Shares of Rs. 2/- each for every 1 (one) existing equity shares of Rs. 2/- each held as on record date. The approved 1:1 Bonus Shares are subject to approval by shareholders of the company at the AGM.

"Approved the issue of Bonus shares in the ratio of 1:1 i.e. 1 (One) equity shares of Rs. 2/- each for every 1 (One) equity shares held by the shareholders of the Company as on the record date, subject to the approval of the shareholders to be obtained in the ensuing AGM," the Board said in a regulatory filing.

On Friday, the shares of JTL Industries hit 52-week-high at Rs 387 per share, ended at Rs 381.05 per share on BSE. The stock's 52-week-low is Rs 185.70 per share. The share price gained 3.22% in the last 1 week.

The share price gained 6.25% in the last 1 month, 15.61% in the last 3 months, and 17.32% in the last 6 months, respectively. The share price has given 74.91% positive return in the last 1 year. It gave a robust 244.97% positive return in 2 years, 1565.43% in the last 3 years, and 1273.15% in 5 years, respectively.

During Friday's market session, JTL Industries Ltd. closed with a market cap of Rs 3,217.67 Crore. It is a Metal sector small-cap company. It is an integrated manufacturer and supplier of steel tubes, pipes and allied products with manufacturing facilities in India.

Disclaimer- The stock just highlights the Bonus Shares 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.