Small-Cap IT Stock Announces Bonus Shares

Alphalogic Techsys Ltd was established as a Technology Services Provider Company under Companies Act 1956 on December 13 2018 in Pune. It strives to provide clients with Information Technology Consulting services offering end-to-end technology solutions and support.

The company has a market capitalization of Rs 99.32 crore. The board of the company has announced bonus share. Check key details pertaining to bonus share issuance:

1. Alphalogic Techsys Ltd Issues Bonus Share In 1:2 Ratio

The board of directors of the company in its BSE filing said, "Recommendation of issuance of fully paid-up Bonus Share in the ratio of 1:2 i.e. 1 (One) Equity Share for every 2 (Two) fully paid up Equity Shares of Rs 05/- each, subject to approval of the shareholders of the Company. The Company will inform in due course, the "Record Date" for determining shareholders entitled to receive Bonus Shares."

2. Alphalogic Techsys Ltd Stock Outlook

Alphalogic Techsys Ltd Stock Outlook: The current market price of the stock is Rs 44 apiece. The stock has touched a 52-week high of Rs 51.85 and 52-week low of Rs 24.95 apiece, respectively. The stock has given a return of 28% in 1 year and 21% in 3 months. It has surged 7% in one month.

3. About Alphalogic Techsys Ltd

Alphalogic Techsys Ltd is a Small Cap company and operates in IT Software sector. For the quarter ended March 31, 2022, the company reported a Consolidated Total Income of Rs 3.48 Crore, with a fall of 29.62 % from last quarter Total Income of Rs 4.94 crore.