IT Stock Under Rs 70 To Consider Bonus Share On Jan 18, Hits Upper Circuit

Small cap company from the sector of Computers - Software & Consulting, DRC Systems India shares today hit 5.00% upper circuit after it informed via exchange filing about its coming meeting of board of directors scheduled to be held on January 18, 2024. DRC Systems will consider and approve unaudited financial results and the proposal for issue of bonus shares. Last trading price of DRC Systems share on BSE is Rs 47.23 apiece. Check details below:

DRC Systems To Consider Bonus Share Soon: As per the exchange filing of the company dated January 8, 2024, "We hereby inform you that the Meeting of the Board of Directors of the Company will be held on Thursday, January 18, 2024 inter alia to consider, approve and take on record the following:

1. The Unaudited Financial Results for the quarter and nine months ended on December 31, 2023;

2. Proposal for issue of Bonus Shares subject to requisite approvals;

3. To convene the Extra-Ordinary General Meeting of the shareholders of the Company and

4. To consider other business items, if any."

DRC Systems Stock Performance & Return: The stock's 52-week high price is Rs 69.50 per share and 52-week low price is Rs 27.66 per share. The company has a market capitalisation of Rs 208.55 crore. DRC Systems shares soared 16% in last 2-weeks, gained 12% in last 3-months, and surged 27% in last 6-months. In last 1-year, DRC Systems stock offered shareholders return of 22% and rose 15% in last 2-years.

DRC Systems About: DRC Systems India Limited is a leading name in the field of software development. Its journey began in 2012. In a decade, it has grown into a team of over 300 people and offices located at three locations. The head office is located in GIFT City, Gandhinagar. It offers a complete range of IT solutions which includes mobile app development, website development, AI and automation, enterprise solutions, cloud-based services, digital marketing services, and various others. Its clientele includes institutions, enterprises, government agencies, international brands, industry leaders, and start-ups, according to its official website.

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