Chemical Industry Company Jayant Agro Approves Bonus Issue Share in 1:1 Ratio

On Friday, chemical industry company Jayant Agro, announced that the company’s board of directors have approved the bonus issue share in the ratio of 1:1 in place of stock split.

Jayant Agro-Organics Limited is an oleochemical company, which focuses on the castor-based specialty chemicals industry. The company is engaged in organic chemicals business.
 
The stock on the NSE witnessed a sharp surge by 5.3% and is trading at Rs 1,013 per share,higher by Rs 51 per share. Deliveringa 395% return in a period of one year, the stock has outperformed the BSE Small cap and BSE FMCG indices over the same time span.
 
The stock hit its 52-week high of Rs 1,038 per share and hit its 52-week low of Rs 188 per share on 15 June 2017.