Don’t miss action in this small-cap stock that has announced bonus shares!

As of September 2022, the promoter owns the majority of the company's shares (67.22 per cent), with the remaining public shareholders (32.78 per cent) owning the remaining shares.  

On Friday, one of the Top Gainers on BSE, shares of Jet Infraventure surged 5 per cent upper circuit to Rs 36.99 per share from its previous closing of Rs 35.23. The stock has a 52-week high of 109.80 and a 52-week low of 27.55. In the past 5 trading sessions, the stock gave 34.36 per cent returns.  

The Board of Directors of Jet Infraventure informed that it has fixed Friday, April 14, 2023, as the record date, to ascertain the eligibility of shareholders entitled to the issuance of bonus equity shares in the proportion of 1 equity share of Rs 10 each for every 1 existing equity share of Rs 10 each, subject to the approval of members, which being obtained through EGM.  

Jet Infraventure Limited (BSE Script Code: 538794) operates as a real estate development company focusing on residential investments and projects. The company operates in the states of Maharashtra and Gujarat in India.  

Jet Infra has a market cap of Rs 7.75 crore. According to the annual financial statements, in FY22 net sales skyrocketed 140 per cent compared to FY21. The net profit recorded in FY22 was Rs 0.04 crore compared to a net loss of Rs 0.39 in FY21. The company has reduced its debt in the current financial year 2022-2023.  

As of September 2022, the promoter owns the majority of the company's shares (67.22 per cent), with the remaining public shareholders (32.78 per cent) owning the remaining shares.  

Investors should keep an eye on this Small-Cap realty stock.