9:50 Bonus Share: IT Stock Under Rs 20 Hits Upper Circuit As Record Date Issued

Shares of small cap company operating under IT Software sector, Jonjua Overseas Ltd hit upper circuit on Monday after the company fixed October 10, 2023 as record date for bonus share in the proportion of 9:50. Shareholders will get 9 bonus shares for every existing 50 shares held as on record date. Check details below:

Jonjua Overseas Sets Record Date For Bonus Share: 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: Current market price of Jonjua Overseas share on BSE is Rs 12.84 per share with intraday gain of 4.99%. Its 52-week high price is Rs 17.49 apiece and 52-week low price is Rs 8.04 apiece, respectively. The company has a market capitalisation of Rs 8.62 crore. Jonjua Overseas stock offered shareholders return of 25% in last 1-month, gained 9% in last 3-months, witnessed a surge of 32% YTD, and soared 23% in last 1-year. Jonjua Overseas stock fell 36% in last 2-years.

Jonjua Overseas About: Jonjua Overseas Limited was incorporated in the State of Punjab, India on February 16,1993. The company 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.