Back-to-back upper circuits & 52-week highs: Board announces 100:1 stock split; Multibagger in just 3 months!

The stock gave multibagger returns of over 150 per cent in just 3 months whereas BSE Sensex Index is up by 10 per cent.

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.

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 over 100 crore with a 3-year stock price CAGR of 60 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.

Today, shares of Jamshri Realty were locked in a 2 per cent upper circuit to Rs 15,095.60 per share from its previous closing of Rs 14,799.65. The stock also made a fresh new 52-week high of Rs 15,095.65. In the recent trading session, the stock has been hitting back-to-back upper circuits & 52-week highs. The stock gave multibagger returns of over 150 per cent in just 3 months whereas BSE Sensex Index is up by 10 per cent. Investors should keep this stock under the radar.

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

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