Stock under Rs 30: Don’t miss action in this stock that had announced bonus shares!
The company has reduced its debt in the current financial year 2022-2023.
The Board of Directors of Jet Infraventure informed that it has fixed Friday, April 21, 2023, as the record date (instead of April 14, 2023), to ascertain the eligibility of shareholders entitled to the issuance of bonus equity shares in the proportion of 1 equity share of Rs 10 each for every 1 existing equity share of Rs 10 each, subject to the approval of members, which being obtained through EGM.
Shares of Jet Infraventures Ltd are undergoing a correction and have hit the lower circuit for the fourth straight day. Today, shares of the company plunged 5 per cent to Rs 28.65 per share from its previous closing of Rs 30.15. The 52-week high of the stock is Rs 90 and the 52-week low of Rs 27.55.
Jet Infraventure Limited (BSE Script Code: 538794) operates as a real estate development company focusing on residential investments and projects. The company operates in the states of Maharashtra and Gujarat in India.
Jet Infra has a market cap of Rs 6.01 crore. According to the annual financial statements, in FY22 net sales skyrocketed 140 per cent compared to FY21. The net profit recorded in FY22 was Rs 0.04 crore compared to a net loss of Rs 0.39 in FY21. The company has reduced its debt in the current financial year 2022-2023.
The recent substantial acquisition of shares and takeover (Bulk Deal) by "KAILASHBEN ASHOK KUMAR PATEL" has resulted in some new buying today.
Investors should keep an eye on this Small-Cap realty stock.