Debt-free multibagger penny stock under Rs 30 to keep under radar as Board announce 10:1 stock split & decided to change the name of the company!
The stock gave multibagger returns of 1,576 per cent in 3 years and a whopping 13,140 per cent in 5 years.
J Taparia Projects Ltd informed that the meeting of the Board of Directors of the company has approved a stock split in the ratio 10:1 i.e. 1 equity share of Rs 10 each will be sub-divided/ stock split into 10 equity shares of face value of Re 1 each. The expected time of completion is within 6 months from the approval of the shareholders.
Additionally, the Board has decided to change the name of the Company from “J. Taparia Projects Limited” to “Annvrridhhi Ventures Limited” or “Annvrridhhi Foods Limited” or any other such name as may be approved by the regulatory authorities under The Companies Act, 2013 or any other rules, laws, acts, statutes or regulations as may apply to the company and alteration of Memorandum and Articles of Association of Company.
J. Taparia Projects Ltd, established in 1980, offers a diverse range of services for various project types. The company specializes in managing and maintaining mills for jute, cotton, wool and fiber as well as trading and manufacturing yarns and cloth. Additionally, J. Taparia Projects Ltd engages in investment activities, shares and securities trading, and provides comprehensive financing solutions, including housing finance. The company's primary focus is on delivering high-quality services to both private and government projects.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
On Friday, shares of J. Taparia Projects Ltd plunged 4.5 per cent to Rs 26.48 per share from its previous closing of Rs 27.72 with a spurt in volume by more than 1.07 times on BSE. The stock's 52-week high is Rs 77.84 and its 52-week low is Rs 24.67. The company has a market cap of Rs 42.90 crore and the company is debt-free. The stock gave multibagger returns of 1,576 per cent in 3 years and a whopping 13,140 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: 5:1 stock split: Penny stock under Rs 5 locked in upper circuit as company’s mining subsidiary secures total export orders worth Rs 661 crore