Latest Stock Split: IT Stock Hits 4th Upper Circuit, Sub-Division Of Shares Likely Today

Small cap stock from IT Software sector, Avance Technologies Ltd on Monday hit 4th consecutive upper circuit as the board of directors are expected to meet today to consider and approve sub-division/split of equity shares. Current market price of Avance Technologies stock is Rs 1.45 apiece with intraday gain of 4.32. Avance Technologies shares offered shareholders return of 400% in last 6-months only. Check details below:

Avance Technologies To Consider Stock Split Today: According to the BSE filing of Avance Technologies dated September 12, 2023, "This is to inform to the exchange that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 25th September 2023, at the registered office of the company to transact the following business matters: 1. To increase the Authorised Share Capital of the Company. 2. To consider and approve the proposal of sub-division/split of the equity shares of the Company in such manner as may be determined by the Board of Directors, subject to approval of the members and such regulatory/statutory authorities as may be required. 3. To approve related party transactions."

Avance Technologies Stock Performance, Return Over Years: Current market price of Avance Technologies stock is Rs 1.45 apiece. The stock hit upper circuit on September 20, September 21, September 22, and September 25, respectively. 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 57.48 crore. Avance Technologies shares offered shareholders return of 663% YTD, soared 559% in last 1-year, gained 480% in last 2-years, and jumped 1350% in last 5-years.

Avance Technologies Financials: The company for the quarter ended June 30, 2023 announced 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: It provides 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.