1:10 Stock Split: Multibagger Penny Stock Hits Upper Circuit On New Update

Sylph Technologies Ltd shares today hit fifth consecutive upper circuit as Board of Directors of the Company in their meeting held today i.e. Thursday, January 04, 2024, inter-alia, considered and approved the allotment of equity shares on conversion of 7,35,82,667 warrants into 7,35,82,667 equity shares of face value of Re. 1/- each, to "Non-Promoters/Public Category", on preferential basis, upon receipt of balance amount aggregating to Rs. 17,65,98,400/- (Rupees Seventeen Crores and Sixty-Five Lakhs Ninety Eight Thousand and Four Hundred only) at the rate of Rs. 2.40 (Rupees Two and Forty Paise only) per warrant (being 75% of the issue price per warrant) from the allottees, according to its BSE filig. Check details below:

These warrants were allotted at an Issue Price of Rs. 3.20/- per warrant on payment of Rs.0.80 per warrant, being 25% of the Issue Price, entitling the warrants holders to get their warrants converted into equal number of Equity Shares of the Company by paying remaining 75% i.e., Rs. 2.40 within 18 months from the date of warrant allotment, added the BSE filing.

Sylph Technologies Stock Performance & Return: Last trading price of Sylph Technologies share on BSE is Rs 4.27 per share with intraday gain of 1.67%. Sylph Technologies shares have been touching back-to-back upper circuits since January 1, 2023. The 52-week high price of Sylph Technologies share on BSE is Rs 5.30 per share and 52-week low price is Rs 2.21 per share, respectively. Sylph Technologies has a market capitalisation of Rs 63.62 crore.

Sylph Technologies shares gained 35% in last 6-months, soared 29% in last 1-year, and offered gain of 1237% in last 2-years. In last 5-years, Sylph Technologies stock surged 625%.

Sylph Technologies Stock Split: The stock earlier last year in 2023 announced stock split in the ratio of 1:10 and traded ex-split on June 2, 2023.

Sylph Technologies About: Sylph is a leading software technology company in India, providing software development services & solutions with services such as outsourcing software development, web development, product development, strategy consulting, offshore software development, e-commerce for web and mobile enablement. We have a deep domain expertise, which we leverage to provide high quality solutions and services, according to its official website.

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