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

In less than 1 year the stock gave multibagger returns of 386.22 per cent. 

Today, shares of Jayant Infratech Ltd surged 4.26 per cent to Rs 388 per share from its previous closing of Rs 372.15. The stock was listed on the stock exchange (BSE) on July 13, 2022, as SME IPO. In less than 1 year the stock gave multibagger returns of 386.22 per cent. 

Jayant Infratech's Board of Directors stated in a stock exchange (BSE) that, “It is hereby intimated that the Company has fixed Wednesday, March 01, 2023, as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 2:1 i.e (two) bonus equity shares of Rs. 10 each for every 1 (One) fully paid-up equity share held as on record date”. 

Incorporated in 2003, Jayant Infratech Ltd is engaged in Railway Infrastructure Development involving the design, drawing, supply, erection, and commissioning of 25KV, 50Hz single-phase traction overhead equipment. 

The firm has a market cap of Rs 123 crore. The company reported excellent numbers in its annual results FY22 wherein net sales rose by 8.86 per cent and net profit rose by 73.07 per cent compared to FY21. The stock has a 52-week high of Rs 675 and a 52-week low of Rs 76. 

Investors should keep a close eye on this multibagger SME stock for upcoming trading sessions.