Multibagger IT Stock Under 15 To Consider Stock Split Soon, Shares Rally

Small cap stock from the IT Software sector, GI Engineering Solutions Ltd is planning to announce stock split on October 25. It will also announce its financial results on the same day for the quarter and half year ended September 31, 2023. GI Engineering Solutions shares hit back-to-back upper circuit on October 10 and October 11. Current market price of GI Engineering Solutions share on BSE is Rs 12.60 per share. GI Engineering Solutions shares offered return of 163% YTD and jumped 176% in last 1-year. Check details below:

GI Engineering Solutions To Consider Stock Split On October 25: As per the regulatory filing of GI Engineering Solutions issued on October 6, 2023, "In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, October 25, 2023 at the Registered office of the Company, inter-alia, to transact the following businesses:

i. consider, approve and take on record the un-audited financial results for the quarter and half year ended September 30, 2023 and limited review report submitted by the Statutory Auditors of the Company thereon;
ii. the proposal for sub-division/split of Equity Shares of the Company having a face value of Rs. 10/- each in such manner as the Board may determine."

GI Engineering Solutions Stock Outlook & Return Over Years: Current market price of GI Engineering Solutions share on BSE is Rs 12.60 apiece with intraday gain of 4.56%. The stock's 52-week high price is Rs 38.28 per share and 52-week low price is Rs 4.55 per share, respectively. The company's market capitalisation is Rs 108.51 crore. GI Engineering Solutions shares offered a rally of 17% in last 3-months, gained 334% in last 2-years, and offered a return of 523% in last 3-years.

GI Engineering About: GI Engineering is conventionally an engineering design company specializing in civil engineering activities and ancillary services. G.I. Engineering subsequently ventured into a wide range of civil engineering services including land planning, land surveying and landscape architectural services etc.

Disclaimer

The stock just 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.