4:5 Bonus Issue: Small Cap Multibagger IT Stock Hits Back-To-Back Upper Circuit

Small cap IT Software sector stock, NINtec Systems Ltd hit back to back upper circuits ever since the company fixed record date for bonus share in the proportion of 4:5. NINtec Systems fixed August 3, 2023 as the record date for bonus issue. NINtec Systems stock offered 5098% return in last 3-years span. NINtec Systems Limited is a leading global technology company specializing in software development and solutions. Check details below:

Nintec Systems Picks Record Date For 4:5 Bonus Share: As per the July 24, 2023 BSE filing of Nintec Systems, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we wish to inform that Thursday, 3rd August, 2023 has been fixed as the Record Date for the purpose of determining the list of shareholders eligible for the allotment of bonus equity shares."

Board of directors of Nintec Systems on June 19, 2023 recommended bonus issue and stated in its exchange filing, "The Board recommended the issue of bonus equity shares in the ratio of 4:5 [i.e., 4 (Four) bonus equity shares of Rs. 10/- each for every 5 (Five) fully paid-up equity shares held as on record date] subject to the approval of the shareholders by Postal Ballot. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9,2015 is enclosed as Annexure - I."

Nintec Systems Share Outlook & Return Over Years: Current market price of Nintec Systems share is Rs 622.25 per share on BSE. Nintec Systems hit back to back upper circuits on July 26 and July 25.

Its 52-week high price is quoted at Rs 644.05 per share and 52-week low price is quoted at Rs 73.20 per share, respectively. Its market capitalisation of Rs 642.16 crore. Nintec Systems share delivered its shareholders attractive returns over the years. In last 6-months, Nintec Systems share offered return of 160%, soared 709% in last 1-year, and shares surged 5098% in last 3-years. Nintec Systems stock delivered 5731% return in last 5-years.

Nintec Systems Financial Performance: The company for the quarter ended March 31, 2023 declared its standalone total income at Rs 11.73 crore, up 27.41% as against last quarter total income of Rs 9.21 crore. It declared its recent quarter net profit after tax at Rs 1.92 crore.

Nintec Systems About: NINtec Systems Limited is a global technology company specializing in software development and solutions. Its headquarter is located in Ahmedabad, Gujarat. It offers a diverse range of services, including application development and maintenance, strategic offshore software product development, legacy system development and software migration, and search engine optimization, according to its official website.

Disclaimer: The stock just highlights the bonus issue and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.