1:3 Bonus Share Announced: IT Stock Hits 4th Upper Circuit, Soars 911.09% In 3-Yrs

Board of small cap IT Software sector stock Alphalogic Techsys on Tuesday recommended bonus share in the ratio of 1:3 implying issuance of one bonus share for every 3 shares held as on the record date. Last trading price of Alphalogic Techsys share on BSE is Rs 65.62 apiece. Alphalogic Techsys stock hit 4th upper circuit in a row today. Alphalogic Techsys shares gained 911% in last 3-years. Check details below:

Alphalogic Techsys Declares 1:3 Bonus Share: As per the BSE filing of the company announced today, "Recommendation of issuance of fully paid-up Bonus Share in the ratio of 1:3 i.e, 1 (One) Equity Share for every 3 (Three) fully paid-up Equity Shares of Rs 05/- each held to the eligible members of the Company holding equity shares of the Company, including warrants holders holding 12,17,000 convertible warrants pending for conversion and convertible into 12,17,000 number of equity shares of Rs. 5/- each, subject to approval of the shareholders of the Company and appropriate authorities. The record date to determine entitlement of eligibility of shareholders for Bonus Shares will be intimated at a later date."

Alphalogic Techsys Stock Outlook & Return: Last trading price of Alphalogic Techsys share on BSE is Rs 65.62 per share with intraday gain of 1.99%. The stock's 52-week high price is Rs 67.08 per share and 52-week low price is Rs 25.03 per share, respectively. The company's market capitalisation is Rs 230.61 crore.

Alphalogic Techsys shares gave shareholders return of 79% in last 6-months, soared 67% in last 1-year, jumped 178% in last 2-years, and offered return of 911% in last 3-yers.

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