3,000 per cent multibagger returns: Board announces bonus shares; stock trades at high ROE & high ROCE!

The shares of the company gave multibagger returns of 850 per cent in just 1 year and a whopping 3,000 per cent in 3 years.

In a shareholder delight, Network People Services Technologies Ltd (NPST) has proposed a generous bonus issue at a 2:1 ratio, meaning two new shares having a face value of Rs 10 each for every existing 1 equity share having a face value of Rs 10 each. This shareholder-approved bonanza, pending regulatory nod, will reward existing investors with increased ownership and boost overall share capital. Stay tuned for the record date announcement and unlock your bonus shares!

Network People Services Technologies Limited operates as a software company. The company develops digital payments such as mobile banking, IMPS, UPI, and wallet platforms. Network People Services Technologies serves customers worldwide.

The company has a market cap of over Rs 1,500 crore and has delivered good profit growth of 39.3 per cent CAGR over the last 5 years. According to half-yearly results, the net sales increased by 470 per cent to Rs 52 crore and net profit skyrocketed by 900 per cent to Rs 10 crore in H1FY24 compared to H1FY23. In its annual results, the net sales increased by 116 per cent to Rs 41 crore and net profit skyrocketed by 250 per cent to Rs 7 crore in FY23 compared to FY22.

Today, shares of NPST gained 0.44 per cent to Rs 2,400 per share from its previous closing of Rs 2,389.60. The stock’s 52-week high is Rs 2,560 and its 52-week low is Rs 241.70.

The shares of the company have an ROE of 26 per cent and an ROCE of 35 per cent.The shares of the company gave multibagger returns of 850 per cent in just 1 year and a whopping 3,000 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. 

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