Computers and software consulting firm, Naapbooks has been hitting back-to-back 5% upper circuits for eight consecutive sessions before hitting an all-time high of Rs 288.70 apiece on April 16. The stock ended flat in the previous session, however, is currently up by 287% from its 52-week low. The bullish trend broadly is due to its upcoming bonus issue. Naapbooks will be in focus on April 18 ahead of its record and ex-bonus date.
Naapbooks Share Price:
On April 16, the stock ended at Rs 274.95 apiece, broadly flat on BSE with a market cap of Rs 82.67 crore. On this day, the stock hit a new all-time high of Rs 288.70 apiece, while its 52-week low is at Rs 71 apiece.
Naapbooks has been on a winning streak since April 9th, before ending in red but flat on April 16. Despite that, Naapbook's share price rose by a whopping 19% in the past nine days.
In past trading sessions, the stock is up by 13.15%, while it is up by 23% in a month. Its six-monthly gain is a whopping 149% on BSE. But so far in 2024, the stock has rallied by over 183%. In a year, the stock zoomed by 2017%.
Naapbooks Bonus Issue:
The company has fixed Friday, April 19, 2024, as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled to the issuance of Bonus Equity Shares in the proportion of 2 (Two) new equity shares of Rs. 10/- (Rupees Ten) each for every 1 (One) existing Equity Shares of Rs. 10/- (Rupees Ten) each.
The bonus issue ratio is 2:1 accordingly.
To be eligible for receiving the perks of bonus shares, investors will need to have Naapbooks share in their demat account by the end of April 19th.
Key fundamentals of Naapbooks share as per Trendlyne are:
- Annual Revenue rose 87.95%, in the last year to ₹5.27 Cr. Its sector's average revenue growth for the last fiscal year was 18.75%.
- Stock Price rose 216.22% and outperformed its sector by 173.99% in the past year.
- Return on Equity(ROE) for the last financial year was 8.25%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.
- Interest Coverage Ratio is 20.78, higher than 1.5. This means that it can meet its interest payments comfortably with its earnings (EBIT).
- Annual Net Profit rose 169.58% in the last year to ₹0.63 Cr. Its sector's average net profit growth for the last fiscal year was -7.03%. Annual Net Profit rose 169.58% in the last year to ₹0.63 Cr. Its sector's average net profit growth for the last fiscal year was -7.03%.
- Debt to Equity Ratio of 0.11 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Promoter Share Holding stayed the same in the most recent quarter at 63.91%.
- Promoter Pledges are zero.
Naapbooks is a FinTech company that is technologically driven with an all-encompassing experience of seven years in the IT industry.
The company offers finance consultancy and software support services. Its energy is channelled into envisioning novel innovations such as mobile banking and cloud-based management software.
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