Penny Stock Under Rs 10: Zero Bank Debt Company’s Global In-house Centre Signs Agreement with Jonjua Air Limited in the Aviation Sector
DSIJ Intelligence-1 / 30 Sep 2025/ Categories: Penny Stocks, Trending
The stock is up by 18 per cent from its 52-week low of Rs 8 per share with a PE of 8x whereas the industry PE is 30x.
On Tuesday, shares of Jonjua Overseas Ltd gained 5.88 per cent to Rs 9 per share from its previous closing of Rs 8.50 per share.
Jonjua Overseas Limited, through its newly established Global In-house Centre (GIC), and Jonjua Air Limited have formally signed an agreement to leverage the GIC's specialised expertise within the aviation sector. This strategic move positions Jonjua Air to gain a significant market advantage, mirroring the trend of global giants like Emirates and Lufthansa establishing similar capability centres in India. The GIC is designed as a knowledge resource and idea funnel, specifically focusing on business innovation in aviation, aviation engineering, and infrastructure. This collaboration underscores Jonjua Overseas Limited’s commitment to providing cutting-edge support for the group's ventures, ensuring the seamless integration of high-level strategic planning and specialised operational know-how into Jonjua Air's launch.
The GIC's services will be immediately deployed to support the forthcoming launch of Air Charter and Air Ambulance services by Jonjua Air Limited from the Chandigarh International Airport in Mohali, Punjab. Key areas of focus for the GIC include crew planning, pricing optimisation, route planning, marketing, and loyalty program management. Furthermore, the GIC brings a crucial strategic understanding of the specialised VTOL/STOL market (Vertical Take-off and Landing / Short Take-off and Landing), crucial for operations within the demanding mountainous Himalayan terrain, capitalising on a proven, loyal customer base in the region. This partnership is designed to ensure a robust and well-planned entry into the market, providing a significant update to the shareholders of Jonjua Overseas Limited on the group's expansion strategy.
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About the Company
Jonjua Overseas Ltd is an Indian company involved in various sectors, including service exports, corporate consultancy, agriculture, and the sale of printed books. The company offers services such as export services, printing of books, agriculture, and domestic service sales. The company has a market cap of Rs 24 crore. According to the financials, the company reported positive numbers in its half-yearly results (H1FY25) and annual results (FY24).
The stock’s 52-week high is Rs 12.80 per share and its 52-week low of Rs 7.62 per share. The stock is up by 18 per cent from its 52-week low of Rs 8 per share with a PE of 8x whereas the industry PE is 30x.
Disclaimer: The article is for informational purposes only and not investment advice.