1:5 Stock Split Declared: Small Cap IT Software Stock Below Rs 3 Soars 700% YTD

Board of directors of small cap IT Software sector stock, Avance Technologies announced stock split in the proportion of 1:5 on September 25, 2023. The record date for the sub-division of shares is yet to be decided by the board. Last trading price of Avance Technologies share is Rs 1.52 per share on BSE with intraday gain of 4.83%. Avance Technologies shares soared 424% In last 6-months and gained 590% in last 1-year. Check details below:

Avance Technologies Declares 1:5 Stock Split: As per the regulatory filing of Avance Technologies dated September 25, 2023, "Sub-Division/Split of existing equity share of the Company from 1 (one) equity share having face value of Rs. 5/- (Rupees Five only) each to 5 (five) equity shares having face value of Re. 1/- (Rupee One only) each fully paid-up, subject to the approval of members of the Company. The record date for subdivision/split shall be decided by the board and will be intimated to exchange."

Avance Technologies Stock Outlook & Return In Last 5-Years: Current market price of Avance Technologies share is Rs 1.52 per share. Its 52-week high price is Rs 2.66 per share and 52-week low price is Rs 0.18 per share, respectively. The company has a market capitalisation of Rs 60.25 crore. Avance Technologies stock gained 508% in last 2-years and offered shareholders return of 1420% in last 5-years.

Avance Technologies Financials: The company for the quarter ended June 30, 2023 declared its standalone total income at Rs 2.56 crore, up 337.13% as against last quarter total income of Rs .58 crore. It declared its recent quarter net profit after tax at Rs .18 crore.

Avance Technologies About: The company offers range of services including search engine optimization (SEO), pay-per-click (PPC) advertising, content marketing, social media management, conversion rate optimization, and marketing automation. It stays up-to-date with the latest industry trends, tools, and technologies to ensure our clients stay ahead of the competition, as per its official website.

Disclaimer

The stock highlights the stock split 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 any losses. Please consult a professional advisor.