100:1 Stock Split on August 16: Multibagger Stock with 1,250 Per Cent Returns Hit Back-to-Back Upper Circuits & 52-Week High

100:1 Stock Split on August 16: Multibagger Stock with 1,250 Per Cent Returns Hit Back-to-Back Upper Circuits & 52-Week High

Kiran Shroff

The stock gave multibagger returns of 105 per cent in just 3 months; 527 per cent in 1 year and a whopping 1,250 per cent in 5 years.

On Wednesday, shares of Jamshri Realty were locked in a 2 per cent upper circuit to Rs 22,430.560 per share from its previous closing of Rs 21,990.80. The stock also made a fresh new 52-week high of Rs 22,430.60. 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.

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The company has a market cap of Rs 156.71 crore with a 3-year stock price CAGR of 80 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 105 per cent in just 3 months; 527 per cent in 1 year and a whopping 1,250 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: Debt-free penny stock under Rs 10 hit upper circuit as company is into expansion Europe, Middle-East and Africa (EMEA) and Asia-Pacific (APAC) markets!

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