{"id":109577,"date":"2023-09-11T13:23:04","date_gmt":"2023-09-11T07:53:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109577"},"modified":"2023-09-11T13:23:09","modified_gmt":"2023-09-11T07:53:09","slug":"penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/","title":{"rendered":"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3175960421\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3126065964\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stock has returned 34% in the last week\u00a0 and is currently locked in at Rs. 42.44 (+7.07), 17% above its 20 day and 200 day moving averages. The company has a market cap of Rs. 22 crore, 26% away from its 52 week high of Rs. 57.75.<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ZODJRDMKJ\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Zodiac-JRD-MKJ Ltd<\/a><\/strong> (\u201cZodiac\u201d) stated in a filing dated 8th September 2023 that it has received an open offer for 26% stake from 3 different acquirers. The open offer is for the acquisition of up to 1,346,067 shares with face value of Rs. 10 each, representing 26% of Zodiac\u2019s voting share capital by 3 acquirers namely \u2013 Mudit Jain, Bluerock Industrial Infrastructure Management LLP, Bluerock Infrastructure Solutions LLP.\u00a0<\/p><p>The sellers include the Jhaveri Family who are the promoter group namely \u2013 Jayesh Jayantilal Jhaveri, Devang Rajnikant Jhaveri, Rajnikant Amratlal Jhaveri, Kokila Rajnikant Jhaveri, Neeta Jayesh Jhaveri, Jigna Devang Jhaveri, Pinal Jayesh Jhaveri and Pooja Jayesh Jhaveri. Total consideration received in the transaction for 1,414,248 total shares is Rs. 46,670,184.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3915342096\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Zodiac-JRD-MKJ Limited manufactures, trades in, and sells gold and diamond jewelry in India. It also offers cut and polished diamonds, precious stones, and semi-precious stones. The company was incorporated in 1987 and is based in Mumbai, India.&nbsp;<\/p><p>The company shareholding had been stable at 45% promoter holding up until the last quarter where the promoters diverted about 4% stake bringing it to 41%, excluding the current divestiture. In Q1 Fy23, the company reported revenue of Rs. 5.9 crore, down 54% YoY from Rs. 13 crore. Net profits increased to Rs. 0.9 crore from Rs. 07 crore YoY, indicating a margin expansion of about 990 bps.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3234766512\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes. The stock has returned 34% in the last week\u00a0 and is currently locked in at Rs. 42.44 (+7.07), 17% above its 20 day and 200 day moving [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11452,8700,948,936,11951,11950,11952,11949],"class_list":["post-109577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-penny-stock-2023","tag-penny-stock-hits-20-upper-circuit","tag-stock-market","tag-stock-market-news","tag-why-is-zodiac-jrd-mkj-share-going-up","tag-zodiac-jrd-mkj-latest-news","tag-zodiac-jrd-mkj-open-offer","tag-zodiac-jrd-mkj-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details\" \/>\n<meta property=\"og:description\" content=\"This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T07:53:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-11T07:53:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/\",\"name\":\"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg\",\"datePublished\":\"2023-09-11T07:53:04+00:00\",\"dateModified\":\"2023-09-11T07:53:09+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details - Trade Brains Features","description":"This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/","og_locale":"en_US","og_type":"article","og_title":"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details","og_description":"This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes.","og_url":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-09-11T07:53:04+00:00","article_modified_time":"2023-09-11T07:53:09+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/","url":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/","name":"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg","datePublished":"2023-09-11T07:53:04+00:00","dateModified":"2023-09-11T07:53:09+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"This Jewelry company rose 20% within the first hour of markets opening on Monday with volumes that were 2.4x last week\u2019s average and 4x the monthly average volumes.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/market-cover-image-1.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-company-receives-open-offer-for-26-stake-check-the-details\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Penny stock hits 20% upper circuit after company receives open offer for 26% stake; Check the details"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/109577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=109577"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/109577\/revisions"}],"predecessor-version":[{"id":109578,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/109577\/revisions\/109578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/97870"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=109577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=109577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=109577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}