2,800 per cent multibagger returns: Board likely to announce bonus shares; stock trades at high ROE & high ROCE!

The shares of the company gave multibagger returns of 1,475 per cent in just 1 year and a whopping 2,800 per cent in 3 years.

Network People Services Technologies Ltd (NPST) informed that the e Meeting of the Board of Directors of the Company will be held on Tuesday, December 26, 2023, at 3:00 PM at the registered office of the company in Thane Maharashtra, India, 400604, to inter-alia, consider and approve the following:

1. To consider a proposal for an increase in the authorized capital of the company and subsequent alteration to the Memorandum of Association of the company, subject to the approval of shareholders.
2. To recommend and approve the issue of bonus shares to the equity shareholders of the company in the ratio, as it may deem fit, subject to the approval of shareholders.

Network People Services Technologies Limited operates as a software company. The company develops digital payments such as mobile banking, IMPS, UPI, and wallet platforms. Network People Services Technologies serves customers worldwide.

The company has a market cap of over Rs 1,400 crore and has delivered good profit growth of 39.3 per cent CAGR over the last 5 years. According to half-yearly results, the net sales increased by 470 per cent to Rs 52 crore and net profit skyrocketed by 900 per cent to Rs 10 crore in H1FY24 compared to H1FY23. In its annual results, the net sales increased by 116 per cent to Rs 41 crore and net profit skyrocketed by 250 per cent to Rs 7 crore in FY23 compared to FY22.

On Friday, shares of NPST hit a 5 per cent upper circuit to Rs 2,206.15 per share from its previous closing of Rs 2,101.10. The stock’s 52-week high is Rs 2,376.75 and its 52-week low is Rs 120.

The shares of the company gave multibagger returns of 1,475 per cent in just 1 year and a whopping 2,800 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.