14:48 Bonus issues announced by a small-cap IT company: Stock hits upper circuit today, Company has been announcing bonus issues every year for the past 3 years!
The company's shares have delivered a return of over 5,000 per cent to their shareholders in the past 3 years.
Incorporated in 2018, Alphalogic Techsys Limited provides information technology and related services. The company has made a significant announcement regarding the bonus issue.
Bonus Share Announced by Alphalogic Techsys Limited
The Board Meeting of the Company was held today, May 22. The Board recommended the issuance of fully paid-up bonus shares in the ratio of 14:48, that is 14 (fourteen) equity shares for every 48 (forty-eight) fully paid-up equity shares of Rs 5 each held by the eligible members of the company. The record date to determine the entitlement and eligibility of shareholders for bonus shares will be intimated at a later date.
Share Performance of Alphalogic Techsys Limited
On Thursday, the company's stock is at around Rs 346.05 per share on the BSE, with a market capitalisation of Rs 1621.41 crore. Additionally, the stock has delivered a multibagger return of around 500 per cent in the past six months only.
Business Overview Alphalogic Techsys Limited:
ATL is a boutique consulting firm that assists clients in their digital transformation journey through Product Engineering, Cloud Computing, Mobility, and Artificial Intelligence. The company utilizes technologies such as Ruby on Rails, Java, Swift, Objective-C, AngularJS, HTML5, etc., and integrates external services such as Google Analytics, MailChimp, Salesforce, AWS, Social Media Platforms, and Payment gateways like Paypal, Skrill, Stripe, etc. Their clientele includes Mahindra, Saint Gobain, Forbes Marshall, Dedicated Freight Corridor, Swiggy, Rentomojo, Bajaj Finserv, Bridgestone, Payback, etc. They serve various industries including Healthcare, SaaS Software, E-commerce, Fintech, Social Networking, etc.
As per Quarterly Results, the company's revenue surged by 100 per cent, while net profit grew by 30 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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