1:1 Bonus, Dividend Approved: Small Cap Stock Delivers 106% Return In 1-Month

Board of small cap stock operating in Telecommunications Sector, Nettlinx Ltd on March 6, 2023 approved bonus issue in the ratio of 1:1 and 1st interim dividend for the financial year 2022-23. The stock delivered 163% return in last 3-months and 161% return in last 6-months. Check details below:

Nettlinx Ltd Approves Interim Dividend: According to the BSE filing of the company, "We wish to inform that the Board of Directors in the Board Meeting held on 06.03.2022 has declared 1st Interim Dividend for the Financial Year 2022-23@ Rs. 0.40/- per share of the face value of Rs. 10/- each. The Company has fixed 17th March, 2023 as "Record Date" for the purpose of payment of 1st Interim Dividend on equity shares for the Financial Year 2022-23."

Nettlinx Ltd Approves 1:1 Bonus Issue: As per the regulatory filing of the company, "The Board considered and recommended the Bonus Issue in the ratio of 1:1 [i.e. 1 (One) equity share for every 1 (One) equity share held, subject to the approval by the shareholders and any other applicable statutory and regulatory approvals. Further, the bonus shall be credited to those shareholders who are holding the equity share as on a Record Date to be determined by the board. The Details pertaining to bonus issue of equity shares is provided in the Annexure-1
attached herewith."

Nettlinx Ltd Stock Performance & Return: The last trading price of the stock is Rs 216.35 apiece on BSE with intraday fall of 4.98%. The stock's 52-week high is Rs 272.00 apiece and 52-week low is Rs 53.50 apiece, respectively. Its market capitalisation is Rs 248.01 crore. The stock offered 106% return in last 1-month, 163% in last 3-months, 161% in last 6-months, and 158% in last 1-year. In last 3-years, it soared 822% and 183% in last 5-years.

Nettlinx Ltd About: Nettlinx is an Internet Infrastructure initiative of the Nettlinx Group. The company started its ISP operations in the year 1999 and has been catering to the networking requirements of the domestic enterprise market since then. It has a Class B license to operate as an Internet Service Provider (ISP), ITSP and Call Centre (OSP) Services Provider. Nettlinx offers state-of-the-art Managed Network Services to enterprises across Telangana & Andhra Pradesh. Nettlinx operates through a direct presence in 93+ locations.