Low PE Penny Stock Under Rs 10: Zero Bank Debt Company’s Board Approves 1:10 Bonus Shares
The stock is up by 21.3 per cent from its 52-week low of Rs 8 per share with a PE of 9x whereas the industry PE is 40x.
On Monday, shares of Jonjua Overseas Ltd plunged 1.32 per cent to Rs 9.70 per share from its previous closing of Rs 9.83 with an intraday high of Rs 9.75 and an intraday low of Rs 9.70.
Jonjua Overseas Ltd, a shareholder of Jonjua Air Limited, will receive bonus shares following Jonjua Air's Board of Directors' approval of a 1:10 bonus issue. This means shareholders will receive one bonus share for every ten equity shares held, subject to regulatory and shareholder approval. Jonjua Air's board includes Major Harjinder Singh Jonjua (Retd.), Managing Director, and Mr. Harmanpreet Singh Jonjua, Director.
Additionally, Hsjonjua Aeroinfra Private Limited has successfully completed its fully subscribed Rights Issue for FY 2025-2026, with promoters and promoter group companies, including Jonjua Air Limited and Jonjua Overseas Limited, receiving their allotted shares. The company, formerly JONJUA AGRO PRIVATE LIMITED, will provide aero infrastructure for Jonjua Air Limited's Air Taxi Project, connecting Mohali, Punjab, to remote regions. Jonjua Overseas Limited is consulting for the startup operations.
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Jonjua Overseas Ltd is an Indian company involved in various sectors, including service exports, corporate consultancy, agriculture, and the sale of printed books. The company offers services such as export services, printing of books, agriculture, and domestic service sales. The company has a market cap of Rs 14.3 crore. According to the financials, the company reported positive numbers in its half-yearly results (H1FY25) and annual results (FY24).
The stock’s 52-week high is Rs 13.50 and its 52-week low of Rs 8. The stock is up by 21.3 per cent from its 52-week low of Rs 8 per share with a PE of 9x whereas the industry PE is 40x.
Disclaimer: The article is for informational purposes only and not investment advice.