1000-per cent returns in this multibagger penny stock: Board announces bonus shares; hit back-to-back upper circuits & 52-week high!

The stock gave multibagger returns of 190 per cent from its 52-week low of Rs 25.03 per share.

Alphalogic Techsys Limited develops software. The company designs and creates web and mobile applications, as well as provides web development, consulting, and business intelligence services to customers in India.

The company announced Quarterly Results (Q2FY24), half-yearly results (H1FY24) and bonus shares. Here are the details:

Quarterly Results: The net sales increased by 202.2 per cent to Rs 12.51 crore, operating profit increased by 202.7 per cent to Rs 2.58 crore and net profit increased by 242.6 per cent to Rs 1.8 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 170 per cent to Rs 21.92 crore, operating profit increased by 61.21 per cent to Rs 3.7 crore and net profit increased by 67.5 per cent to Rs 2.53 crore in H1FY24 compared to H1FY23.

Bonus Shares Update: Recommendation of issuance of fully paid-up bonus shares in the ratio of 1:3 i.e., 1 equity share for every 3 fully paid-up Equity Shares of Rs 05 each held to the eligible members of the company holding equity shares of the company, including warrants holders holding 12,17,000 convertible warrants pending for conversion and convertible into 12,17,000 number of equity shares of Rs 5 each. The company did not fix the record date for the issue of bonus shares.

Today, shares of Alphalogic Techsys Ltd hit a 2 per cent upper circuit and reached an intraday high & 52-week high of Rs 72.43 per share from its previous closing of Rs 71.01 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs. The shares of the company saw a spurt in volume by more than 3.11 times on BSE.

The company has a market cap of over Rs 250 crore. The stock gave multibagger returns of 190 per cent from its 52-week low of Rs 25.03 per share and a whopping 1,000 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.