632% Rise YTD: Multibagger IT Stock Under Rs 3 Likely To Declare Stock Split On Sept 25

Small cap stock priced under Rs 3 and operating under IT Software sector, Avance Technologies Ltd is likely to declare stock split on September 25, 2023 as the board of directors have scheduled a meeting to consider the same. Current market price of Avance Technologies share is Rs 1.39 apiece with intraday gain of 1.46%. Avance Technologies shares hit back to back upper circuit for third day in a row. Avance Technologies stock offered shareholders return of 414% In last 6-months. Check details below:

Avance Technologies May Announce Stock Split On Monday: According to the BSE filing of Avance Technologies dated September 12, 2023, "This is to inform to the exchange that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 25th September 2023, at the registered office of the company to transact the following business matters: 1. To increase the Authorised Share Capital of the Company. 2. To consider and approve the proposal of sub-division/split of the equity shares of the Company in such manner as may be determined by the Board of Directors, subject to approval of the members and such regulatory/statutory authorities as may be required. 3. To approve related party transactions."

Avance Technologies Stock Outlook & Return: Current market price of the multibagger penny stock is Rs 1.39 per share on BSE. Its 52-week high price is Rs 2.66 per share and 52-week low price is Rs 0.18 apiece, respectively. The company has a market capitalisation of Rs 55.10 crore. Avance Technologies shares offered return of 414% in last 6-months, delivered return of 531% return in last 1-year, soared 456% in last 3-years, and gained 1290% in last 5-years.

Avance Technologies Financials: The company for the quarter ended June 30, 2023 announced its standalone total income at Rs 2.56 crore, up 337.13% as against last quarter total income of Rs .58 crore. It declared its recent quarter net profit after tax at Rs .18 crore.

Avance Technologies About: Avance Technologies offers a range of services including search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing, social media management, conversion rate optimization, and marketing automation. It stays up-to-date with the latest industry trends, tools, and technologies to ensure our clients stay ahead of the competition, according to its official website.

Disclaimer

The stock highlights the stock split 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 any losses. Please consult a professional advisor.