2:5 Bonus Issue: Multibagger Small Cap Stock Set To Trade Ex-Bonus

Small cap stock that fetched multibagger returns to investors in last 1 year, Aptech Ltd is all set to trade ex-bonus tomorrow i.e. July 14, 2023. Aptech shares witnessed over 3% decline on July 12, 2023. Earlier this year, Aptech declared issue of equity shares in the ratio of 2:5. It implies that shareholders will receive bonus shares for every 5 shares held as on the record date. Aptech shares offered 109% return in last 1-year. Check details below:

Aptech Ltd To Trade Ex-Bonus On Friday: The company on June 20, 2023 fixed July 14 as the record date for 2:5 bonus issue. As per the BSE filing, "This is in furtherance to our earlier letter dated June 05, 2023 and the communications received from BSE Limited and National Stock Exchange of India Limited, this is to inform you that the Company has revised the record date and is being fixed on Friday, July 14, 2023 for the purpose of determining the list of equity shareholders of the Companywhose names appear in the Register of Members, maintained by the Company's Registrar and Transfer Agents, who will be entitled for allotment of bonus equity shares in ratio already approved by the Board however subject to the approval of the shareholders of the Company."

2:5 Bonus Issue: The company declared in its regulatory filing dated May 24, 2023, "The Board approved issue of Bonus Shares to the Equity Shareholders of the Company in the ratio of 2 : 5 [ 2 (Two) Equity shares for every 5 (Five) equity shares ] held as on the record date, subject to the approval of the shareholders in the meeting by postal ballot."

Aptech Ltd Stock Performance & Return: Current market price of Aptech share on BSE is Rs 478.00 per share. The stock's 52-week high price is Rs 591.85 per share and 52-week low price is Rs 218.40 per share, respectively. Aptech Ltd has a market capitalisation of Rs 1980.24 crore. Aptech Ltd shares delivered 28% return in last 6-months, 39% return YTD, rallied 109% in last 1-year, and delivered 333% return in last 3-years.

Aptech Ltd Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 181.47 crore, up 50.87% from previous quarter total income of Rs 120.29 crore. It announced its latest quarter net profit after tax at Rs 33.35 crore.

Disclaimer: The stock just highlights the bonus issue 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 ay losses. Please consult a professional advisor.