Debt-free penny stock under Rs 10 was locked in 20 per cent upper circuit; Board allots 1,15,20,000 shares to promoters & non-promoters!
The stock is up by 90 per cent from its 52-week low is Rs 3.60 per share.
On Friday, shares of Janus Corporation Ltd closed at Rs 7.14 with an upper price band of 20 per cent. The shares of the company saw a spurt in volume by more than 11 times on BSE. The stock’s 52-week high is Rs 8.95 and its 52-week low is Rs 3.60.
Janus Corporation Limited announces that its Board of Directors will convene on Monday, July 29, 2024, to discuss and approve, among other matters, the formal acknowledgment of the in-principle approval granted by BSE Ltd. for the issuance and allotment of 11,520,000 equity shares on a preferential basis, the allotment of these shares at Rs. 10/- per share to both promoters and non-promoters of Forever Business Solutions Private Limited as payment for the acquisition of their shares, and any other business as permitted by the Chair, all in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
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Janus Corporation Ltd, established in 1998, operates primarily in Mumbai, engaging in media and consulting services alongside building material supply. The company's core business involves civil construction, encompassing site development, land filling, fencing, hoarding erection, and the trading of construction materials such as cement, iron, steel, sand, soil, and aluminum. Additionally, Janus Corporation offers specialized services in media, consulting, and building material supply, forming a diverse portfolio of business operations.
The company has a market cap of Rs 9.56 crore and as of March 2024, the company is debt-free. The stock is up by 90 per cent from its 52-week low is Rs 3.60 per share. Investors must keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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