Multibagger in just 6 months: Board to consider a proposal for stock split from Rs 1,000 to Rs 10

The stock gave multibagger returns of 115 per cent in just 6 months whereas BSE Sensex Index is up by 15 per cent.

Jamshri Realty Ltd informed that a meeting of the Board of Directors of the company will be held on Monday, May 13, 2024, at 601-B, Moti Mahal, 195, J.T. Road, Backbay Reclamation, Churchgate, Mumbai 400020 at 5.00 p.m. (S.T.) to consider inter-alia the following business:

1. To consider and approve the audited financial results of the company for the 4th quarter and Year ended on March 31, 2024.
2. To consider a proposal for sub-division or stock split of the equity shares of the company from a face value of Rs1,000 per share to a face value of Rs 10 per share.
3. To consider and approve the appointment of Shri Anand Dalal as an Independent Director of the company.

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. The company has a market cap of 55 crore with a 3-year stock price CAGR of 60 per cent.

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On Friday, shares of Jamshri Realty were locked in a 5 per cent upper circuit to Rs 7,903.35 per share from its previous closing of Rs 7,527. The stock also made a fresh new 52-week high of Rs 7,903.35. In the recent trading session, the stock has been hitting back-to-back upper circuits. The stock gave multibagger returns of 115 per cent in just 6 months whereas BSE Sensex Index is up by 15 per cent.

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