IT Software Bonus Stock Locked In 5% Upper Circuit For 3rd Consecutive Day

Shares of IT Software company, NINtec Systems Ltd stuck in 5% upper circuit limit for third consecutive session on Thursday after the company fixed record date for 4:5 bonus share. The company on July 24, 2023 declared August 3, 2023 as the record date for bonus share and since then the stock continued to hit upper circuit. NINtec Systems shares delivered 156% return in last 6-months. Check details below:

Nintec Systems Declares August 3 As Record Date For 4:5 Bonus Share: According to July 24, 2023 BSE filing of the company, "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."

Earlier, the company on June 19, 2023 recommended bonus issue and specified in its BSE 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 In Last Few Years: Last trading price of Nintec Systems share is Rs 612.10 apiece on BSE with intraday gain of 1.04%. Its 52-week high price is Rs 644.05 per share and 52-week low price is Rs 80.65 per share. The company has a market capitalisation of Rs 631.69 crore. Nintec Systems share offered 156% return in last 6-months, jumped 658% in last 1-year, surged 2913% in last 2-years and gained 4781% in last 3-years.

Nintec Systems Financial Outlook: Nintec for the quarter ended March 31, 2023 announced its standalone total income at Rs 11.73 crore, up 27.41% as compared with its 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 leading global technology company having specialisation 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.

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