Low PE Penny Stock Under Rs 10: Company has acquired a strategic stake in Hsjonjua Innovateagro Private Limited

The stock is up by 12.4 per cent from its 52-week low of Rs 8 per share with a PE of 9x whereas the industry PE is 40x.

Jonjua Overseas Limited has acquired a strategic stake in Hsjonjua Innovateagro Private Limited – a Company recently incorporated by Major Harjinder Singh Jonjua (Retd.) and Mr. Harmanpreet Singh Jonjua (Directors of Jonjua Overseas Limited) in the sunrise Agro Industry for faster growth and transportation of Agricultural Produce and an increase in its shelf life.

Earlier, Hsjonjua Aeroinfra has partnered with Jonjua Air Limited to launch an Air Taxi Service from Mohali International Airport. The service will utilise diesel-powered Piper Archer DX aircraft to connect Mohali to popular destinations like Shimla, Kullu-Manali, Mata Vaishnu Devi, Badri Nath, and Hemkund Sahib. Jonjua Overseas Limited will consult on the operations. Additionally, HSJONJUA AEROINFRA has reserved two Piper Archer DX aircraft from Piper Aircraft, Inc. to expand its fleet and operations, with Mohali serving as the base.

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 export services, printing of books, agriculture, and domestic service sales. The company has a market cap of Rs 14.3 crore. According to the financials, the company reported positive numbers in its half-yearly results (H1FY25) and annual results (FY24).

The stock’s 52-week high is Rs 15 and its 52-week low of Rs 9.40. The stock is up by 12.4 per cent from its 52-week low of Rs 8 per share with a PE of 9x whereas the industry PE is 40x. Investors should keep an eye on this micro-cap IT stock under the radar.

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