DSIJ Mindshare

Debt-free penny stock under Rs 10 was locked in 20 per cent upper circuit; Board allots 1,15,20,000 shares to promoters & non-promoters!
Kiran Shroff
/ Categories: Trending, Penny Stocks

Debt-free penny stock under Rs 10 was locked in 20 per cent upper circuit; Board allots 1,15,20,000 shares to promoters & non-promoters!

The stock is up by 90 per cent from its 52-week low is Rs 3.60 per share.

On Friday, shares of Janus Corporation Ltd closed at Rs 7.14 with an upper price band of 20 per cent. The shares of the company saw a spurt in volume by more than 11 times on BSE. The stock’s 52-week high is Rs 8.95 and its 52-week low is Rs 3.60.

 Janus Corporation Limited announces that its Board of Directors will convene on Monday, July 29, 2024, to discuss and approve, among other matters, the formal acknowledgment of the in-principle approval granted by BSE Ltd. for the issuance and allotment of 11,520,000 equity shares on a preferential basis, the allotment of these shares at Rs. 10/- per share to both promoters and non-promoters of Forever Business Solutions Private Limited as payment for the acquisition of their shares, and any other business as permitted by the Chair, all in compliance with SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Janus Corporation Ltd, established in 1998, operates primarily in Mumbai, engaging in media and consulting services alongside building material supply. The company's core business involves civil construction, encompassing site development, land filling, fencing, hoarding erection, and the trading of construction materials such as cement, iron, steel, sand, soil, and aluminum. Additionally, Janus Corporation offers specialized services in media, consulting, and building material supply, forming a diverse portfolio of business operations.

The company has a market cap of Rs 9.56 crore and as of March 2024, the company is debt-free. The stock is up by 90 per cent from its 52-week low is Rs 3.60 per share. Investors must keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

Also Read: Rs 78,000 crore order book: LIC-backed multibagger heavy electrical equipment company bags new order worth Rs 10,000 crore from Damodar Valley Corporation

Previous Article 10:1 Stock Split Announced by This Multibagger Infra Company; Stock Hits Upper Circuit on Friday; FIIs Increased Stake in Q1 FY25
Next Article LIC Increases Stake Back-to-Back in Aerospace and Defence Stock; FIIs Complement by Acquiring Additional Stake - Do You Own It?
Print
24040 Rate this article:
3.7
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR