5,900 percent returns: High ROE & high ROCE multibagger stock hits back-to-back upper circuits as the Board announces bonus shares!
The stock gave multibagger returns of 170 per cent in 6 months and over 600 per cent in 1 year.
On Friday one of the Top Gainers on BSE, shares of NINtec Systems Ltd hit a 5 per cent upper circuit to Rs 642.70 per share from its previous closing of Rs 612.10. At the closing bell shares of the company were trading at Rs 631.51 per share, up 3.11 per cent with a spurt in volume by more than 2.15 times on BSE.
In the recent trading sessions, the stock is hitting back-to-back upper circuit as the Board of Directors of the company has announced 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.
According to the financials, the company have a market cap of over Rs 600 crore with a 5-year stock price CAGR of 130 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.
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The stock gave multibagger returns of 170 per cent in 6 months and over 600 per cent in 1 year. From Rs 10.67 per share to Rs 642.70 per share, the stock gave astounding returns of 5,900 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.