Maiden Bonus Issue: Multibagger IT Stock Hits Upper Circuit On Ex-Bonus Day

Small cap IT Software sector company Olatech Solutions Ltd shares hit upper circuit and 52-week high in trade today as shares trade ex-bonus today. Last trading price of Olatech Solutions share price on BSE is Rs 136.05 per share with intraday gain of 4.98%. Olatech Solutions shares gained 144% in last 3-months and soared 160% year-to-date. The company earlier approved bonus issue in the ratio of 17:20 and fixed November 20, 2023 as the record date. Check details below:

Olatech Solutions Share Goes Ex-Bonus Today: The BSE filing of the company said, "We further wish to inform that the Board of Directors of the Company have approved and fixed 20th November, 2023 as the Record Date for the purpose deciding the Members who shall be eligible to the allotment of the Bonus Shares as per ratio mentioned above by capitalization of such as may be required, from the Securities Premium Account, Free Reserves or any other permitted reserves/ surplus of the Company for the purpose of issue of Bonus Shares of Rs. 10/- (Rupees Ten Only) each, credited as fully paid-up to the holders of the Equity Shares of the Company, whose names appear on the Register of Members on the Record Date of 20th November, 2023."

Olatech Solutions Shares Performance & Return: The small cap IT stock's 52-week high price is Rs 136.05 per share and 52-week low price is Rs 40.58 per share, respectively. The company has a market capitalisation of Rs 58.90 crore. Olatech Solutions offered return of 151% in last 6-months and gained 122% in last 1-year.

Olatech Solutions About: Olatech Solutions is a certified, Public Limited company & registered with MSME & Govt. Of India's Startup India Initiative. Key offerings include software solutions such as NOC tools, Network monitoring, management & analytics, AAA solution for users & devices, data centre infrastructure management, ERP, CRM, digital marketing solution i.e. SEO, SEM, SMM, AdWords, web development, ORM, media buying etc. It has gained experience by collaborating with its clients across verticals such as Telcos, ISPs, Enterprises, Data Centre Service Providers & Public Sector.

Disclaimer

The stock just highlights the bonus share 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.