100:1 Stock Split Announced: Multibagger Stock with 900 Per Cent Returns Hit Back-to-Back Upper Circuits & 52-Week Highs
The stock gave multibagger returns of 150 per cent in just 3 months; 292 per cent in 1 year and a whopping 900 per cent in 5 years.
On Friday, shares of Jamshri Realty Ltd were locked in a 2 per cent upper circuit to Rs 17,339.90 per share from its previous closing of Rs 16,999.95. The stock also made a fresh new 52-week high of Rs 17,339.90. In the recent trading session, the stock has been hitting back-to-back upper circuits & 52-week highs.
Jamshri Realty Ltd informed that the Board of Directors of the company announced the stock split in the ratio 100:1 i.e., splitting of shares having a face value of Rs 1,000 in 100 shares having a face value of Rs 10 each. The Board fixed the record date for the stock split as Friday, August 16, 2024.
Jamshri Realty Ltd, founded in 1907, has transformed from a textile mill to a real estate developer, leasing commercial space and managing the JR Ignite Business Park in Solapur. They also run the Shubham Resort and Swadisht Restaurant and have prior experience working with clients like Tata Motors and Mahindra.
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The company has a market cap of over 120 crore with a 3-year stock price CAGR of 70 per cent. According to Quarterly Results, the company reported net sales of Rs 1.60 crore and a net loss of Rs 0.33 crore in Q4FY24 whereas in Q4FY23, the company reported net sales of Rs 1.01 crore and a net loss of Rs 0.80 crore. In its annual results, the company reported net sales of Rs 5.39 crore and a net loss of Rs 3.40 crore.
The stock gave multibagger returns of 150 per cent in just 3 months; 292 per cent in 1 year and a whopping 900 per cent in 5 years. Investors should keep this stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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