Debt-Free Penny Stock Under Rs 30: Board Announce Revised Record Date For 2:1 Stock Split & Company Bags Order Worth Rs 118.30 Million
The stock is up by 27.66 per cent from its 52-week low of Rs 22.20 per share.
On Thursday, shares of Julien Agro Infratech Limited gained 5.02 per cent to Rs 28.34 per share from its previous closing of Rs 26.98 per share. The stock’s 52-week high is Rs 34.63 and its 52-week low is Rs 22.20. The stock is up by 27.66 per cent from its 52-week low of Rs 22.20 per share.
The Board of Directors had initially fixed Monday, January 06, 2025, as the "Record Date" for determining the entitlement of Equity Shareholders for the sub-division/split of existing equity shares, as communicated in our letter dated November 18, 2024. However, after careful consideration and consultation with NSDL and CDSL, the Board has revised the Record Date to Wednesday, January 08, 2025. This sub-division/split, subject to necessary approvals, will see each Equity Share with a face value of Rs 10 be divided into a specific number of Equity Shares with a face value of Rs 5. The objective of this sub-division/split is to enhance the liquidity and affordability of the company's shares for the benefit of all shareholders.
Julien Agro Infratech Limited has secured a significant order for "Unbranded Rice" valued at Rs 118.30 million. This order aligns with the company's specialization in agricultural products, which it has been focusing on for the past two years. The company expects this order to contribute to its business growth and the achievement of its long-term goals. The order is anticipated to be completed by March 2025.
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Julien Agro Infratech Ltd, a company established in 1997, initially focused on land development, construction services, and related infrastructure projects. However, in FY23, the company shifted its business strategy to include the manufacturing and trading of agricultural products in India. This transition involved trading raw agricultural commodities, leading to a change in the company's name from Silverpoint Infratech Limited to Julien Agro Infratech Limited on August 25, 2023.
The company has a market cap of Rs 54 crore and as of September 2024, the company is debt-free. In FY24, the company reported net sales of Rs 21.35 crore and net profit of Rs 0.05 crore. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.