Low PE stock below Rs 10; Board of this micro-cap company provided bonus shares!
The stock has a PE of 5.40x whereas the sectoral PE is 29.04x.
Jonjua Overseas Ltd announced that Jonjua Air Private Limited has provided bonus shares in the ratio of 69:400 that is 69 bonus shares for every 400 shares held by the shareholder. Jonjua Overseas Limited will be entitled to bonus shares of Jonjua Air Private Limited on its entire holdings.
According to the financials, the company reported stellar annual results (FY23). The net sales increased by 14.99 per cent to Rs 3.61 crore and the net profit increased by 11.36 per cent to Rs 1.18 crore in FY23 compared to FY22.
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On Monday, shares of Jonjua Overseas Ltd plunged 11.64 per cent to Rs 8.35 per share from its previous closing of Rs 9.45. The stock has a 52-week high of Rs 13.18 and a 52-week low of Rs 7.25, The stock is a SME stock having a lot size of 3,460 shares.
Jonjua Overseas Ltd is an Indian company involved in various sectors, including service exports, corporate consultancy, agriculture, and the sale of printed books. The company offers services such as service exports, printing of books, agriculture, and domestic service sales.
The stock has a PE of 5.40x whereas the sectoral PE is 29.04x. Investors should keep an eye on this IT stock under the radar.