Multibagger in just 6 months: Don't miss action in this stock that is likely to announce bonus shares!

In just 6 months, the stock gave multibagger returns of 405.69 per cent and in less than a year, it returned 484.59 per cent.

One of the Top Gainers on the BSE today, shares of Jayant Infratech Ltd surged and reached an upper price band of Rs 466.50 per share, after being locked in the 5 per cent upper circuit. In just 6 months, the stock gave multibagger returns of 405.69 per cent and in less than a year, it returned 484.59 per cent. 

The Company, in its latest press release, has revealed that the company's Board of Directors meeting will be held on Thursday, January 20, 2023, to consider the following proposals: a) To recommend & approve the issue of bonus shares to the existing equity shareholders of the company. b) To consider & approve increase in the authorised share capital of the company and subsequent alteration to the MoU of the Company. 

Jayant Infratech Ltd is engaged in railway infrastructure development involving design, drawing, supply, erection and commissioning of 25KV, 50Hz single-phase traction overhead equipment. The company has a market cap of Rs 151 crore with an ROE of 15 per cent and a ROCE of 16.6 per cent respectively. Today, shares of the company saw a spurt in volume by more than 1.77 times on BSE. 

Jayant Infratech Ltd has posted positive results in its half-yearly and annual financial statements. In FY22, net sales rose 8.86 per cent and net profit skyrocketed 73.07 per cent compared to FY21. The stock has a 52-week high of Rs 657 and a 52-week low of Rs 76. Investors should keep an eye on this multibagger stock.