Small Cap Co To Recommend Bonus Shares Tomorrow, Shares Jump 1565% In 1-Yr

Board of directors of small cap company Network People Services Technologies Limited will hold meeting on December 26, 2023 to recommend and approve bonus shares to the equity shareholders of the company. Last trading price of Network People Services share on NSE is Rs 2206.15 apiece with intraday gain of 5.00%.

Network People Services shares gained 63% in last 3-months and rose 1565% in last 1-year. Network People Services shares hit 5.00% upper circuit in trade on December 22, 2023. Check details below:

Network People Services To Recommend Bonus Share: As per the NSE filing of the company dated December 15, 2023, "this is to inform you that the Meeting of Board of Directors of the Company will be held on Tuesday, 26th day of December, 2023 at 3:00 P.M. at the registered office of the Company situated at Off No. 427/428/429, A-Wing, NSIL, Lodha Supremus II Road No. 22, Wagle Industrial Estate, Thane (W), Thane, Maharashtra, India, 400604, to inter-alia, consider and approve the following:
• To recommend and approve issue of bonus shares to the equity shareholders of the company in the ratio, as it may deem fit, subject to the approval of shareholders.
• To consider proposal for increase in the authorized capital of the company and subsequent alteration to the Memorandum of Association of the company, subject to the approval of shareholders."

Network People Services Stock Performance & Return: The stock's 52-week high price is Rs 2376.75 per share and 52-week low price is Rs 120 apiece, respectively. The company has a market capitalisation of Rs 1425.61 crore. Network People Services shares gained 169% in last 6-months and soared 1565% in last 1-year.

About: NPST is in the business of providing Software and Mobility solution to banking and finance sector with key focus on Payments and Smart transaction solutions. Its primary focus being Financial Technology, it has built a multi-layered solution for the cashless economy. Other than software, NPST is into delivery of aggregated services (Merchant platform) to citizens through multiple channels viz., Physical Kiosk, Web based and Mobile based solution, according to its LinkedIn page.

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