1,400 per cent returns in this multibagger stock; Board announced bonus shares!
From Rs 5.37 per share to Rs 645.05 per share, the stock gave astounding returns of over 11,000 per cent in just 3 years.
NINtec Systems Ltd provides software development services and solutions announced that the Board of Directors of the company has approved bonus 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 the record date.
The record date will be announced in due course (Within 2 Months from the date of the Board’s approval). The pre-bonus issue paid-up equity capital as of the date of this letter is Rs 10.32 crore consisting of 1,03,20,000 equity shares of Rs 10 each. The post-bonus paid-up equity share capital shall be Rs 18.58 crore consisting of 1,85,76,000 equity shares of Rs 10 each.
According to the financials, the company have a market cap of over Rs 650 crore with a 3-year CAGR of 385 per cent. The company reported amazing numbers in its Quarterly Results and annual results. The stock had a ROE of 34 per cent and a ROCE of 45 per cent.
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On June 16, 2023, one of the gainers on NSE, shares of NINtec Systems Ltd surged 5 per cent upper circuit to Rs 646.70 per share. The stock also traded at a new 52-week high of Rs 646.70 per share. The shares of the company are hitting back-to-back upper circuits and 52-week highs.
The stock gave multibagger returns of 1,470 per cent in just 1 year. From Rs 5.37 per share to Rs 645.05 per share, the stock gave astounding returns of over 11,000 per cent in just 3 years. Investors should keep an eye on this micro-cap stock.