634% Return In 1-Yr: Small Cap IT Stock Fixes Record Date For 4:5 Bonus Issue

Board of directors of small Cap IT software company, Nintec Systems Ltd fixed August 3, 2023 as the record date for 4:5 bonus shares. It implies that shareholders of Nintec Systems will receive 4 bonus shares for every 5 shares held as on the record date. Nintec Systems offered highly attractive returns of 634% in last 1-year only and 2692.14% return in last 2-years. Check details below:

Nintec Systems Sets Record Date For Bonus Issue: According to the BSE filing of Nintec Systems dated July 24, 2023, "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."

Nintec Systems Recommend Bonus Issue On June 19: Earlier this year on June 19, 2023, board of directors of Nintec Systems recommended bonus issue with the following regulatory 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 Stock Performance & Return: Last trading price of Nintec Systems share is Rs 540.00 per share on BSE. 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. It has a market capitalisation of Rs 557.28 crore. Nintec Systems stock offered shareholders return of 125% in last 6-months, rallied 4411% in last 3-years, and shares surged 4960% 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% from preceding quarter total income of Rs 9.21 crore. It announced 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.