Multibagger IT Stock Set To Consider Bonus Issue In March, Shares Up 23.97% In 1-Month

Small cap company from the IT Enabled Services sector, Titan Intech Ltd shares gained 4.91% in trade today as the company is planning to consider issuance of bonus shares on March 27, 2024. Last trading price of Titan Intech shares on BSE is Rs 100.45 apiece. Titan Intech shares gained 23.97% in last 30-days and zoomed 1761% in last 2-years. The company has a market capitalisation of Rs 110.44 crore. Check details pertaining to Titan Intech and its bonus issue:

Titan Intech To Consider Bonus Share: As per the regulatory filing of the company dated March 14, 2024, "we hereby inform you that a meeting of Board of Directors of the Company is scheduled to be held on Wednesday, 27th March, 2024, inter alia,

1. To consider the proposal of issuance of fully paid bonus equity shares to the Equity shareholders of the Company.

2. To consider and approve Date for issue of Postal ballot notice.

3. Shifting of registered office within the city Vijayawada."

The aforesaid proposal of Bonus Issue, if approved by the Board, shall be subject to the approval of the shareholders, added the BSE filing of Titan Intech.

Titan Intech Shares Performance & Return: The 52-week high price of Titan Intech shares on BSE is Rs 108.00 per share and 52-week low price is Rs 35.92 per share, respectively. Titan Intech shares gained 102% in last 6-months, soared 117% in last 1-year, and offered return of 1761% in last 2-years. In last 3-years, Titan Intech stock surged 3353% and 1358% in last 5-years. Titan Intech has a PE of 24.77, ROE of 15.53, and EPS (TTM) of 3.87.
Titan Intech Financials: The company for the quarter ended December 31, 2023 declared its standalone total income at Rs 12.26 crore, up 15.00% from preceding quarter total income of Rs 10.66 crore. It declared its latest quarter net profit after tax at Rs 1.69 crore.

Titan Intech About: Titan Intech Limited is an information technology (IT) based services products and electrical solutions and services company. It offers multi discipline design, engineering, supply, installation, commissioning, and project management for electrical systems, among others. The zero-debt burden company came into existence in 1984.

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