Multibagger penny stock under Rs 100 hit upper circuit & 52-week high after Board announces 2:1 bonus share!
DSIJ Intelligence-1 / 08 Sep 2025/ Categories: Bonus and Spilt Shares, Multibaggers, Penny Stocks, Trending
The stock is up by 194 per cent from its 52-week low of Rs 33.05 per share.
On Monday, shares of Jakharia Fabric Limited hit a 5 per cent upper circuit to Rs 97.10 per share from its previous closing of Rs 92.50 per share. The stock also made a 52-week high of Rs 97.10 per share and its 52-week low is Rs 33.05 per share.
Jakharia Fabric Ltd's board approved a significant increase in its authorised share capital. The capital will rise from Rs 5 crore (50 lakh equity shares of Rs 10 each) to Rs 13 crore (1.3 crore equity shares of Rs 10 each), a change that is subject to approval at the upcoming Annual General Meeting. Additionally, the board approved a bonus issue of shares in a 2:1 ratio, meaning shareholders will receive two new fully paid equity shares for every one they currently hold. This bonus issue, which will capitalise Rs 8,12,76,600 from the company's Securities Premium Account, General Reserves, and Retained Earnings, will increase the paid-up share capital from Rs 4,06,38,300 to Rs 12,19,14,900. The company will issue approximately 81,27,660 new shares, resulting in a total of 1,21,91,490 shares after the bonus issue.
About the Company
Jakharia Fabric Ltd, established in 2007, operates as a textile manufacturer specialising in the dyeing and processing of fabrics. The company's business model is twofold: it performs job work for other textile companies and also manufactures its own product lines. Jakharia Fabric procures grey fabric, which it then dyes and finishes to meet specific client requirements, considering factors such as fabric quality and sizing. While the company handles dyeing and finishing in-house, it outsources certain processes like weaving and printing to meet customer demands for specific fabric qualities. The company focuses on producing and processing fabrics particularly suitable for shirts.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.
The company has a market cap of Rs 39.46 crore and has reduced debt to Rs 8.02 crore in March 2025 compared to March 2024. In FY25, the company reported net sales of Rs 64.21 crore and net profit of Rs 3.27 crore. The stock is up by 194 per cent from its 52-week low of Rs 33.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.