Penny stock Jonjua Overseas Limited has announced a bonus share issue for its investors.
The company will give 5 bonus shares for every 40 shares held by eligible shareholders. The price of this stock is currently below ₹10, making it a low-priced penny stock.
The record date for this bonus issue is January 23, which is before January 26. Only investors holding shares on this date will be eligible to receive the bonus shares.
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Record Date Details
In an exchange filing, Jonjua Overseas Limited confirmed that shareholders who own 40 shares will receive 5 additional shares as a bonus. The company has officially fixed January 23 as the record date, which is very close.
Fifth Bonus Issue by the Company
This is the fifth time the company is issuing bonus shares. Earlier bonus issues include:
2019: 1 bonus share for every 25 shares
2021: 5 bonus shares for every 37 shares
2022: 4 bonus shares for every 23 shares
2023: 9 bonus shares for every 50 shares
On Friday, at market close, the shares of Jonjua Overseas Limited ended at ₹6.02, gaining 8.08% in a single session. However, the stock has shown weak performance over longer periods:
Down 30% in the last one month
Fell 43% in the last 6 months
Declined 35% over one year
The company’s 52-week high is ₹12.38, while the 52-week low is ₹5.51. The current market capitalization of the company is ₹14.60 crore.
Long-Term Performance
Down 43% in the last 2 years
Fell 27% in 3 years
Dropped 77% over the last 5 years