IT Stock Hits Upper Circuit, New 52-Week High After Board Plans To Consider Bonus Issue

Small cap IT software stock, NINtec Systems Ltd on June 12, 2023 traded new 51-week high and hit upper circuit soon after board of directors declared their plan to consider bonus share. Last trading price of NINtec Systems Ltd on BSE is Rs 556.40 apiece with intraday jump of 4.99%. The board scheduled a meeting for June 19 to consider bonus issue. NINtec Systems share gave massive returns of 9713% in last 3-years only. Check details below:

NINtec Systems To Consider Bonus Share: Nintec Systems Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/06/2023, inter alia, to consider and approve the following business - 1. To consider increase in Authorized capital of the Company; 2. To consider the proposal for issue of Bonus shares to the existing shareholders of the Company; 3. To consider and transit any other business which may be placed before the Board with the permission of the Chairman."

NINtec Systems Stock Performance & Return In last 3-Years: Last trading price of NINtec Systems share is Rs 556.40 per share. Its 52-week high price is quoted at Rs 556.40 per share and 52-week low price is quoted at Rs 33.95 apiece, respectively.

The stock touched 5 upper circuits and traded 4 new 52-week high till June 13 only.

It has a market capitalisation of Rs 574.20 crore. NINtec Systems share gave return of 116% YTD, 1538% return in last 1-year only, 3368% return in last 2-years, and 9713% return in last 3-years.

About: NINtec Systems Limited is a global technology company specializing in software development and solutions. 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 traded upper circuit and hit new 52-week high after board of directors plan to consider bonus share. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.