Low PE Penny Stock Under Rs 10: HSJONJUA AEROINFRA Completes Fully Subscribed Rights Issue for Air Taxi Infrastructure Project
The stock is up by 23 per cent from its 52-week low of Rs 8 per share with a PE of 9x whereas the industry PE is 40x.
HSJONJUA AEROINFRA PRIVATE LIMITED has successfully completed its Rights Issue for the fiscal year 2025-2026, with full subscription. The promoters, including HS Jonjua & Sons (HUF), Major Harjinder Singh Jonjua (Retd.), and Mr. Harmanpreet Singh Jonjua, along with Promoter Group Companies Jonjua Air Limited and Jonjua Overseas Limited, all subscribed to the Rights Issue and have been allotted their shares. The company has completed the share allotment process and dispatched share certificates to shareholders.
HSJONJUA AEROINFRA PRIVATE LIMITED, formerly JONJUA AGRO PRIVATE LIMITED, is set to provide aero infrastructure for Jonjua Air Limited's ambitious Air Taxi Project. This project aims to connect Mohali, Punjab, with unserved or underserved remote and border regions across the country. Jonjua Overseas Limited is acting as the consultant for HSJONJUA AEROINFRA PRIVATE LIMITED's startup operations.
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 23 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.