Now Reading: JOJO bonus issue record date set for 12 Oct
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JOJO bonus issue record date set for 12 Oct
JOJO Limited has fixed Monday, 12 October, as the record date for its bonus issue of equity shares in a 1:1 ratio. Each shareholder will receive one bonus share of Rs 5 face value for every share held.
The stock closed at Rs 228 on BSE on Friday, 9 October, with a market capitalisation of Rs 1,161.92 crore. It has delivered 106% return in six months, and hit a 52-week high of Rs 235.10 on 21 September.
Investors must own the stock before the record date to be eligible for the bonus. The company reported a net profit of Rs 1.09 crore in Q1FY27, down from Rs 1.16 crore in Q4FY26.
Indian Opinion Analysis
The 1:1 bonus issue rewards existing shareholders but does not change the company's underlying value. JOJO's six-month return of 106% has already priced in the corporate action. The record date locks in eligibility: buyers after 12 October will miss the bonus. The stock's strong run contrasts with a sequential revenue drop from Rs 12.27 crore to Rs 4.16 crore, and net profit also fell, though the company remained profitable. The next step is the record date on Monday, 12 October, which will determine who receives the bonus shares.
Source: livemint.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
