Stock Split: Real estate and construction business related penny stock Jamshree Realty has been in focus for 35 consecutive sessions. The company’s shares rose 2% today to an intraday high of Rs 284.30. Jamshree Realty shares have doubled investors’ money in 35 consecutive trading days. Let us tell you that Jamshree’s shares have been touching the upper circuit of 2% continuously for 35 consecutive sessions. Jamshree recently traded in the most ex-split in the Indian market at a ratio of 100:1.
Shares rising steadily
Jamshree Realty had hit a new 52-week high of Rs 278.75 per share on August 30 at 2% upper circuit. This was the 34th upper circuit hit by Jamshree. Today, the company’s shares touched a 52-week high of Rs 284.30 with a 2% upper circuit. This was the 35th consecutive day. Especially on BSE, Jamshree has been touching 2% upper circuit continuously since July 12. This also means that there is a bullish trend in Jamshree since July 12, 2024. Let us tell you that from July 12, 2024 to September 2, 2024, there were 35 trading sessions and Jamshree has touched the upper circuit in all of them. The last red zone for Jamshree was on July 11, 2024, when its price was Rs 142.25 and it touched an intraday low of Rs 139.42 per share. From Rs 139.42 per share till now, Jamshree has gained 104% on BSE. While from the closing price of Rs 142.25 per share on 11 July, Jamshree is currently up 100%.
what is the detail
On August 16, the stock was split in a ratio of 100:1 and closed at Rs 228.75 per share. Between August 16-30, Jamshree has rallied 22%. Before the split, Jamshree had hit an upper circuit of Rs 22,430.56 on August 14, which was its 52-week high before the sub-division. A 100:1 ratio means that a current Jamshree stock price at a face value of Rs 1,000 is divided into 100 shares having a face value of Rs 10 each.
