Multibagger In 6 Months! Small Cap Auto Ancillaries Stock Likely To Announce Stock Split On Aug 08

Jay Bharat Maruti Ltd. on July 23, informed the exchnage that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, August 08, where the Board is likely to announce sub-division/stock of existing equity shares of the company having a face value of Rs 5/- each.

Also, the Board to declare the Unaudited Financial Results (Standalone and Consolidated) for the 1st quarter ended June 30, 2023.

"Proposal for sub-division/split of existing Equity Shares of the Company having face value of Rs. 5/- each in such manner as may be determined by the Board of Directors subject to such regulatory/ statutory approval as may be required including the approval of shareholders of the Company;" the Board of Directors said in a regulatory filing.

The stock of Jay Bharat Maruti surged 1.80%, ended at Rs 316.75 per share with an intraday high and low of Rs 325.95 and Rs 306.55, respectively. The stock gained 1.23% in the past 1 week, while in 2 weeks, it gained 6.43%.

It has given robust 88.77% return in 3 months and 108.53% multibagger return in 6 months. It has delivered 81.73% positive return in 1 year. It gave 272.43% roust return in 2 years. It gave 41.85% positive return in 5 years.

The stock traded its 52-week high on July 04, 2023, at Rs 344.25 per share and 52-week low on Mar 16, 2023, at Rs 125 per share.

Disclaimer- The stock just highlights the Stock Split 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.