Penny Stock Under Rs 18 To Issue Bonus Share Tomorrow, Soars 7.48% Today

Small cap stock priced under Rs 18, Jonjua Overseas Ltd on September 5, 2023 are expected to announce bonus shares as board of directors of the company are scheduled to hold a meeting tomorrow. Jonjua Overseas shares witnessed a surge of 7.48% in trade today on BSE and also spurt in volume by more than 2.13 times. Current market price of Jonjua Overseas stock is Rs 12.79 per share. Jonjua Overseas stock offered 35% return in last 3-months and fell 59% in last 3-years. Check details below:

Jonjua Overseas To Issue Bonus Share Tomorrow: According to the BSE filing of Jonjua Overseas dated August 30, "With reference to the captioned subject, notice is hereby given under Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, that meeting of Board of Directors is Scheduled to be held on Tuesday 05 September 2023 at 01: 30 PM to consider following agenda items: i) To approve the date, time and venue of Annual General Meeting. ii) To approve the Notice of the Annual General Meeting. iii) To consider Bonus Issue. iv) To consider increase in Authorised Share Capital. v) To determine directors to be reappointed. vi) Any other business with the permission of Chairman."

Jonjua Overseas Stock Outlook & Return: Current market price of Jonjua Overseas stock is Rs 12.79 per share on BSE. Its 52-week high price is Rs 17.49 per share and 52-week low price is Rs 8.04 apiece, respectively. Its market capitalisation is Rs 8.59 crore. Jonjua Overseas shares gained 16% in 6-months, rallied 31% YTD, rose 27% in last 1-year, and gave return of 6% in last 2-years.

Jonjua Overseas About: Jonjua Overseas Limited operates as an IT enabled and certified service provider. It provides information technology solutions and business services including startup consultancy, project finance and IPO, legal and accounts outsourcing, website and software development, business planning, and cross border marketing services, among others. The company has been serving clients all across the globe.

Disclaimer

The stock just highlights the bonus share 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 ay losses. Please consult a professional advisor.