Don't miss action in this penny stock that has announced bonus shares!

This stock is trading at a PE multiple of 23.60 and an ROE of 1.59, all of which points to strong managerial performance.

On Monday, shares of Janus Corporation Ltd closed at Rs 9.46 with an upper price band of 5 per cent. The corporation verified that the record date for the issuance of bonus shares is November 28, 2022 and that bonus shares will be issued to equity shareholders in a ratio of 3:4. 

Janus Corporation Ltd was incorporated in 1998. The company is engaged in land & site development, civil construction and fencing walls. It is also involved in offering construction management consultancy services. 

According to annual financial figures, the net sales for FY23 increased by 27.5 per cent compared to last year. Operating profit for FY23 increased to 32.4 per cent when compared to FY22. In comparison to FY22, when the net profit was only Rs 0.15 crore, it dramatically increased to Rs 0.23 crore or 51 per cent, in FY23. Today, shares of Janus Corporation saw a spurt in volume by 4.41 times on BSE.  

Currently, Janus Corporation Ltd is trading at a PE multiple of 23.60 and an ROE of 1.59, all of which points to strong managerial performance. The company’s 52-week high is Rs 59.30 and its 52-week low is Rs 5.99. A recent bonus issue was announced at a ratio of 3:4, which meant that as of the record date, shareholders will receive three bonus shares for every four shares held by the existing shareholder. 

Investors must keep an eye on this stock.