9:50 Bonus Issue Announced: IT Software Sector Penny Stock Rallies Over 5%

Board of directors of Jonjua Overseas Limited on September 5, 2023 announced bonus share in the ratio of 9:50 implying 9 bonus shares will be issued to shareholders for every 50 fully paid equity shares held as on the record date. Current market price of Jonjua Overseas share is Rs 13.78 per share on BSE with intraday gain of 5.27% in morning trade till 9:25 am. Jonjua Overseas Limited stock offered shareholders return of 53% in last 3-months and 41% return YTD. Check details below:

Jonjua Overseas Sets Record Date For Bonus Issue: According to the exchange filing of the company, 'The Board of Directors of the Company have approved and recommended the issuance of fully paid bonus shares in the ratio of 9:50 (9 fully paid up equity shares as bonus for every 50 fully paid up equity shares held by the shareholder) subject to the shareholder and other regulatory authorities approval in the ensuing Annual General Meeting of the Company."

The company announced re-appointment of Mr Harmanpreet Singh Jonjua as non-executive director of the company. Its AGM (annual general meeting) will be held on September 30, 2023, it announced in the BSE filing.

Jonjua Overseas Stock Performance & Return: Current market price of Jonjua Overseas stock is Rs 13.78 per share. Its 52-week high price on BSE is quoted at Rs 17.49 per share and 52-week low price is Rs 8.04 per share, respectively. The company's market capitalisation is Rs 9.26 crore. Jonjua Overseas shares rallied 53% in last 3-months, gained 24% in last 1-year, soared 20% in last 2-years, and declined 56% in last 3-years. Jonjua Overseas shares gained 25% in just 1-week. Jonjua Overseas shares hit upper circuit on September 4 and August 31, 2023. Jonjua Overseas shares witnessed a spurt in volume by 2.41 times on September 5.

Jonjua Overseas About: Jonjua Overseas Limited operates as an IT enabled and certified service provider. It provides information technology solutions and business services including startup consultancy, project finance and IPO, legal and accounts outsourcing, website and software development, business planning, and cross border marketing services, among others. The company has been serving clients all across the globe.

Disclaimer

The stock just highlights the bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.