100:1 Stock Split Next Week: Multibagger Stock with 1,145 Per Cent Returns; Hit Back-to-Back Upper Circuits & 52-Week High; Here’s Why!
The stock gave multibagger returns of 128 per cent in just 3 months; 420 per cent in 1 year and a whopping 1,145 per cent in 5 years.
On Thursday, shares of Jamshri Realty Ltd were locked in a 2 per cent upper circuit to Rs 20,722.50 per share from its previous closing of Rs 20,316.20. The stock also made a fresh new 52-week high of Rs 20,722.50. In the recent trading session, the stock has been hitting back-to-back upper circuits & 52-week highs.
Jamshri Realty Ltd informed that the Board of Directors of the company announced the stock split in the ratio 100:1 i.e., splitting of shares having a face value of Rs 1,000 in 100 shares having a face value of Rs 10 each. The Board fixed the record date for the stock split as Friday, August 16, 2024.
Jamshri Realty Ltd, founded in 1907, has transformed from a textile mill to a real estate developer, leasing commercial space and managing the JR Ignite Business Park in Solapur. They also run the Shubham Resort and Swadisht Restaurant and have prior experience working with clients like Tata Motors and Mahindra.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The company has a market cap of Rs 145 crore with a 3-year stock price CAGR of 75 per cent. According to Quarterly Results, the company reported net sales of Rs 1.67 crore and a net profit of Rs 0.01 crore in Q1FY25 whereas in Q1FY24, the company reported net sales of Rs 1.06 crore and a net loss of Rs 1.27 crore. In its annual results, the company reported net sales of Rs 5.39 crore and a net loss of Rs 3.40 crore.
The stock gave multibagger returns of 128 per cent in just 3 months; 420 per cent in 1 year and a whopping 1,145 per cent in 5 years. Investors should keep this stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Penny Stocks from the 2007-2008 Stock Market Crisis; Set to Announce Bonus Shares: Would you benefit?