This penny stock hit a 20 per cent upper circuit and touched a fresh 52-week high on September 12

The company has fixed the record date for the issue of bonus shares.

Alphalogic Techsys Ltd is engaged in Healthcare, Software-as-a-service (SAAS Software), Ecommerce, Fintech, Social Networking, and other industries. It provides a wide range of services, including, Web Application Development, Mobile Application Development, UI/UX Consulting, Business Intelligence, and Data Analytics services. 

On September 6, 2022, the company announced that Alphalogic Industries Ltd, the subsidiary company of Alphalogic Techsys Ltd, has won the order to supply Mobile Compactor Storage Systems to M/s. Wilo Mather and Platt Pumps Pvt Limited for their factory unit based in Chinchwad, Pune. The fulfilment of this order is expected in September 2022. 

On September 8, 2022, the company fixed the ‘Record Date’ on Wednesday, September 21, 2022, to determine eligible shareholders entitled to receive Bonus shares as approved in the 04th Annual General Meeting (AGM) of the company held on August 26, 2022. It is a fully paid-up bonus share in the ratio of 1:2 which means 1 equity share for every 2 fully paid-up equity shares of Rs 5.  

As the week started on a positive note, this penny stock hit a 20 per cent upper circuit and a fresh 52-week high at Rs 71.70.