IT Stock Gains 41.03% After 4:5 Bonus Issue, To Declare Financials Results

NINtec Systems Stock Performance & Return: The 52-week high price of NINtec Systems shares on BSE is Rs 652.50 apiece and 52-week low price is Rs 118.87 apiece, respectively. The company has a market capitalisation of Rs 938.09 crore. NINtec Systems shares witnessed a decline of 11% in last 1-month, offered return of 28% in last 6-months, zoomed 4416% in last 2-years, and surged 8713% in last 3-years only, also its maximum return.

NINtec Systems Bonus Issue In 2023: The company on July 24, 2023 fixed August 3, 2023 as the record date for the purpose of determining the list of shareholders eligible for the allotment of bonus equity shares. NINtec Systems on June 19, 2023 announced bonus issue and said in the BSE filing, "The Board recommended the issue of bonus equity shares in the ratio of 4:5 [i.e., 4 (Four) bonus equity shares of Rs. 10/- each for every 5 (Five) fully paid-up equity shares held as on record date] subject to the approval of the shareholders by Postal Ballot. The detailed disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9,2015 is enclosed as Annexure - I."

NINtec Systems Bonus History: The company has announced 2 bonuses since June 6, 2022, according to Trendlyne.

Nintec Systems Financials: The zero-debt burden company for the quarter ended September 30, 2023 declared its standalone total income at Rs 15.17 crore, up 13.90% from last quarter total income of Rs 13.32 crore. It announced its net profit after tax at Rs 3.29 crore in the latest quarter.

Nintec Systems About: NINtec Systems Limited is a leading global technology company having specialisation in software development and solutions. Its headquarter is located in Ahmedabad, Gujarat. It offers a diverse range of services, including application development and maintenance, strategic offshore software product development, legacy system development and software migration, and search engine optimization, according to its official website.

Disclaimer:

The stock highlights the rally in shares after bonus share announcement 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.