This Multibagger Software And Consulting Stock Fixed Bonus Share Record Date: Check Key Details

Bonus shares offer plenty to benefits to the existing shareholders simply because these shares not only increase the count of shares in their portfolio but the shareholders do not have to incur any additional costs to get hold of them.

Bonus shares are issued when a company issues additional shares to its current shareholders on the basis of number of shares held by them. The shares are issued in a scenario when the company can not pay dividend to its current shareholders due to lack of funds despite earning good profit for a specific quarter. In such a situation, the company resorts to issuing bonus shares instead of making dividend payment.

1. About NINtec Systems Ltd

The leading IT Service company came into existence in 1997. It is serving customers all across 30 nations in 5 continents. The company has a strong presence in European markets specifically Benelux nations. It serves 30 of Fortune 500 companies and 100 SMEs across 18 industries verticals. It has gained expertise in transforming customers' business by consistently offering the correct insight with installation of most sought-after technology solutions.

2. Bonus Share Issuance

NINtec Systems Ltd is planning to consider bonus share issuance. It is worth mentioning that the IT Service company has announced 1:2 bonus while the Record Date has been fixed as June 7.

3. Record Date For Bonus Share

For the issuance of bonus shares the company has fixed June 7, 2022 as the Record Date for the purpose of determining the list of shareholders eligible for allotment of bonus equity shares.

4. Should You Buy Shares of NINtec Systems Ltd?

The Software Services firm's stock surged today by 5% and was trading at Rs 46.35. It is interesting to note that the stock has hit a 52-week high of 46.35 on the BSE and 52-week low of Rs 14.40. The stock has registered good growth and has registered a one-year return to the tune of 251%. It is a low-priced stock and can fetch good returns considering its current trajectory. The stock looks decently valued looking at its PE and compared with its peers. Also, the company's financials are registering a consistent improvement with Fy21 revenue and net profit inching higher to Rs. 9.34 crore and Rs. 1.32 crore. Over the last 5 years, net income of NINtec has grown at an yearly rate of 58.97%, vs industry avg of 7.27%.