1:3 Bonus Issue: IT Stock Hits Upper Circuit, 52-Week High, Soars 1038% In 3-Yrs

Shares of small cap IT Software sector company Alphalogic Techsys hit upper circuit and fresh 52-week high today. Alphalogic Techsys shares also saw spurt in volume by more than 1.41 times. Alphalogic Techsys stock also traded upper circuit and 52-week high on November 13, November 12, and November 10. Alphalogic Techsys shares gained 257% in last 2-years. The company declared 1:3 bonus issue implying shareholders will receive 1 bonus share for every 3 shares held as on the record date. Check details below:

Alphalogic Techsys Announced 1:3 Bonus Share: As per BSE filing of the company declared on November 7, "Recommendation of issuance of fully paid-up Bonus Share in the ratio of 1:3 i.e, 1 (One) Equity Share for every 3 (Three) fully paid-up Equity Shares of Rs 05/- each held to the eligible members of the Company holding equity shares of the Company, including warrants holders holding 12,17,000 convertible warrants pending for conversion and convertible into 12,17,000 number of equity shares of Rs. 5/- each, subject to approval of the shareholders of the Company and appropriate authorities. The record date to determine entitlement of eligibility of shareholders for Bonus Shares will be intimated at a later date."

Alphalogic Techsys Stock Outlook & Return: Current market price of Alphalogic Techsys share on BSE is Rs 73.87 per share with intraday surge of 1.99%. Its 52-week high price is Rs 73.87 per share and 52-week low price is Rs 25.03 per share, respectively. It has a market capitalisation of Rs 259.60 crore. Alphalogic Techsys shares jumped 96% YTD and rose 1038% in last 3-years. Alphalogic Techsys stock gained 48% in last 3-months and rose 44% in last 1-month.

Alphalogic Techsys Quarterly Results: The company for the quarter ended September 30, 2023 declared its net sales at Rs 12.51 crore, up 202.21% as against Rs 4.14 crore in September 2022. It announced its quarterly net profit at Rs 1.30 crore in September 2023, up 147.37% as compared to Rs 0.52 crore declared in the corresponding period of last year. Alphalogic Techsys' EBITDA jumped to Rs 2.58 crore for the quarter under consideration, up 203.53% as against Rs 0.85 crore declared in September 2022. The company announced a surge of Rs 0.51 in its EPS for September 2023 from Rs 0.15 in September 2022.

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