75.02% Gain In 3 Months: Small Cap IT Services Stock Set To Consider Bonus Share This Month

NINtec Systems Ltd. is set to consider Bonus Share on the issue. In an exchange filing, on June 10, 2023, the Board of Directors of the company informed the shareholders about the Bonus Shares. According to the regulatory filing, the Board Meeting is scheduled to be held on Monday, 19th June 2023.

The company has never issued bonus shares before. It has not given any dividends since its listing. The stock was listed 4 months back on February 21, 2023.

As of Friday, June 09, 2023, the company's total market capitalisation is Rs. 523.07 crore. It is a Small cap IT Services sector company.

Board Meeting scheduled to be held on Monday, 19th June 2023

According to an exchange filing on June 10, 2023, "In compliance with the provisions of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the meeting of the Board of Directors of NINtec Systems Limited is scheduled to be held on Monday, 19th June, 2023 at 03.30 P.M. at the Registered office of the company at B-11, Corporate House, Bodakdev, Ahmedabad-380054, Gujarat to transact the following business"

Further, "1. To consider increase in Authorized capital of the Company; 2. To consider the proposal for issue of Bonus shares to the existing shareholders of the Company; 3. To consider and transit any other business which may be placed before the Board with the permission of the Chairman."

Stock Outllook

Meanwhile, the stock last traded at Rs. 506.85/share, down 4.39% from its previous close of Rs. 530.10/share. The stock jumped 12.41% in the past 1 week. It gave 31.63% positive return in 1 month. It gave 75.02% positive return in 3 months. Since its date of listing, the stock has given 80.21% positive return.

The stock traded the 52 week high on 8 June 2023 at Rs. 547.95/share and 52 week low on 29 March 2023 at Rs. 246/share, respectively.