Small Cap IT Stock Recommends 4:5 Bonus Issue, Shares Rally 1626% In 1-Year

Small cap IT Software stock, Nintec Systems Ltd on Monday recommended issue of bonus equity shares in the proportion of 4:5. It implies that shareholders will receive 4 bonus shares for every 5 shares held as on the record date. Nintec Systems shares delivered return 1626% returns in last 1-year and 4338% return in last 2-years. Check details below:

Board of Nintec Systems Recommends Bonus Share: According to the BSE filing of Nintec Systems, "The Board of Directors ('Board') in their meeting held today, i.e. Monday, 19th June, 2023 at 03.30 P.M., at the registered office of the Company, has recommended the issue of bonus equity shares in the ratio of 4:5 [i.e., 4 (Four) bonus equity shares of Rs. 10/- each for every 5 (Five) fully paid-up equity shares held as on record date] subject to the approval of the shareholders by Postal Ballot. The record date for the purpose of ascertaining the eligibility of the shareholders to receive bonus shares will be communicated later."

Nintec Systems Stock Performance & Return: Last trading price of Nintec Systems stock is Rs 644.05 per share with intraday gain of 5.00%. The stock has been witnessing back to back upper circuits and new 52-week high on June 12, June 13, June 14, June 15, and June 16. The stock's 52-week high price is Rs 644.05 per share and 52-week low price is Rs 37.30 per share, respectively.

It has a market capitalisation of Rs 664.66 crore. In last 3-months, Nintec Systems share gave return of 144%, 150% return YTD, 135% return in last 6-months, and 11258% return in last 3-years.

Nintec Systems 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 small cap IT Software stock recommended 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.