Ex-Bonus Day: Multibagger Small Cap IT Stock Touches Upper Circuit, Hits 52-Week High

Small cap company operating in IT Software sector, NINtec Systems Ltd on Thursday hit upper circuit and traded new 52-week high as today is the record date for bonus share. NINtec Systems fixed August 3 as the record date for bonus share in the proportion of 4:5. The last trading price of NINtec Systems share is Rs 389.00 apiece. NINtec Systems shares soared 650% in last 1-year. Check details below:

Nintec Systems Trades Ex-Bonus Today: As per the July 24, 2023 exchahnge filing of NINtec Systems, "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."

Bonus Issue: Earlier this year, Board of NINtec Systems on June 19, 2023 recommended bonus share and said it the 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."

Nintec Systems Stock Outlook & Return Over Years: Last trading price of NINtec Systems share on BSE is Rs 389.00 per share with intraday gain of 4.99%. Its 52-week high price is Rs 389.00 per share and 52-week low price is Rs 51.85 per share, respectively. Its market capitalisation is Rs 722.61 crore. NINtec Systems stock offered return of 194% in last 6-months, 3345% return in last 2-years, and surged 4519% in last 3-years.

Nintec Systems Recent Financial Performance: Nintec Systems for the quarter ended March 31, 2023 declared the standalone total income at Rs 11.73 crore, up 27.41% as against its last quarter total income of Rs 9.21 crore. NINtec Systems declared its latest quarter net profit after tax at Rs 1.92 crore.

Nintec Systems About: NINtec Systems is a renowned global technology company having specialisation in software development and solutions. The company's headquarter is situated 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, as per its official website.

Disclaimer: The stock just highlights the bonus issue 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 ay losses. Please consult a professional advisor.