1200-per cent returns in this multibagger penny stock below Rs 100: Board announces bonus shares; hit back-to-back upper circuits & 52-week high!

The stock gave multibagger returns of 245 per cent from its 52-week low of Rs 25.03 per share and a whopping 1,200 per cent in 3 years.

Today, shares of Alphalogic Techsys Ltd hit a 2 per cent upper circuit and reached an intraday high & 52-week high of Rs 86.53 per share from its previous closing of Rs 84.84 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs.

The company received an In-principle approval letter from BSE for the proposed bonus Issue in the ratio of 1:3 i.e., 1 bonus equity share of a nominal value of Rs 5 each for every 3 equity shares of the nominal value of Rs 5 each held. The company fixed the record date as Friday, December 22, 2023.

The company announced Quarterly Results (Q2FY24), half-yearly results (H1FY24) and bonus shares. Here are the details:

Quarterly Results: The net sales increased by 202.2 per cent to Rs 12.51 crore, operating profit increased by 202.7 per cent to Rs 2.58 crore and net profit increased by 242.6 per cent to Rs 1.8 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 170 per cent to Rs 21.92 crore, operating profit increased by 61.21 per cent to Rs 3.7 crore and net profit increased by 67.5 per cent to Rs 2.53 crore in H1FY24 compared to H1FY23.

Alphalogic Techsys Limited develops software. The company designs and creates web and mobile applications, as well as provides web development, consulting, and business intelligence services to customers in India.

The company has a market cap of over Rs 250 crore. The stock gave multibagger returns of 245 per cent from its 52-week low of Rs 25.03 per share and a whopping 1,200 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.