Low PE penny stock under Rs 15 in green as Company signed a Position Reservation Agreement with Piper Aircraft, Inc.
The stock is up by over 30 per cent from its 52-week low of Rs 9.40 per share with a PE of 9x whereas the industry PE is 40x.
HSJONJUA AEROINFRA Private Limited, led by Major Harjinder Singh Jonjua (Retd.), has made a significant stride in its aviation endeavors. The company has recently signed a Position Reservation Agreement with Piper Aircraft, Inc. for the supply of two Piper Archer DX aircraft. This strategic move signifies HSJONJUA AEROINFRA's commitment to expanding its fleet and enhancing its operational capabilities. The company aims to base its aircraft operations at Mohali International Airport, leveraging the strategic location and infrastructure.
The Piper Archer DX, a cutting-edge diesel-powered aircraft, offers a blend of durability, reliability, comfort, and advanced technology. Powered by the Continental CD-155 diesel engine, the DX is an eco-friendly option that operates on efficient jet fuel. The aircraft's state-of-the-art Garmin G1000 NXi avionics suite further enhances its performance and pilot experience. Jonjua Overseas Limited, a seasoned consultant, is providing invaluable expertise to HSJONJUA AEROINFRA in the launch and management of its aviation operations. This collaboration is poised to elevate HSJONJUA AEROINFRA's position in the aviation industry and contribute to the growth of the sector.
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About the Company
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 company has a market cap of Rs 8.44 crore. According to the financials, the company reported positive numbers in its half-yearly results (H2FY24) and annual results (FY24).
On Tuesday, shares of Jonjua Overseas Ltd plunged 1.48 per cent to Rs 12.02 per share from its previous closing of Rs 12.20 with an intraday high of Rs 12.30 and an intraday low of Rs 12.01. The stock’s 52-week high is Rs 21.45 and its 52-week low of Rs 9.40. The stock is an SME stock having a lot size of 4,082 shares and currently trading at 1.10 times its book value.
The stock is up by over 30 per cent from its 52-week low of Rs 9.40 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.