5,190 per cent returns in this multibagger stock; Board announced bonus shares!
The stock had a ROE of 33.40 per cent and a ROCE of 44.40 per cent.
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 company verified the record date for bonus shares as Thursday, August 03, 2023.
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.
After rising nearly 635 per cent over the period of 1 year, shares of NINtec Systems Ltd are undergoing a correction and have hit the lower circuit for the 5th straight day. On Monday, shares of NINtec Systems Ltd plunged 5 per cent to Rs 564.45 per share from its previous closing of Rs 594.15. The shares of the company saw a spurt in volume by more than 1.82 times on BSE.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
According to the financials, the company have a market cap of Rs 582.51 crore with a 3-year CAGR of 262 per cent. The company reported amazing numbers in its Quarterly Results and annual results. The stock had a ROE of 33.40 per cent and a ROCE of 44.40 per cent.
From Rs 10.67 per share to Rs 564.45 per share, the stock gave astounding returns of 5,190 per cent in just 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.