1:3, 1:2 & 27:10 bonus share and 2:1 stock split in this multibagger penny stock below Rs 85; Company signs MoU worth Rs 160.35 crore with District Administration, Chandrapur!
The stock gave multibagger returns of 345 per cent from its 52-week low of Rs 18.77 per share and a whopping 1,600 per cent in 3 years.
Alphalogic Techsys Ltd informed that the company has signed a memorandum of understanding (MoU) with the District Administration, Chandrapur in the state of Maharashtra to facilitate the establishment and operationalize industrial activities. The company will establish a grain-based bio-ethanol plant with a proposed investment of Rs 160.35 crore. The project is expected to generate employment for 200 people and would be located in the Tadali Growth Centre in the district of Chandrapur, Maharashtra.
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.
After nearly rising 250 per cent in 1 year, the shares of Alphalogic Techsys Ltd are undergoing a correction, hitting the lower circuit for the third straight day. Today, shares of Alphalogic Techsys Ltd plunged 2 per cent to Rs 83.56 per share from its previous closing of Rs 85.26. The stock’s 52-week high is Rs 92.50 and its 52-week low is Rs 18.77.
The company has a market cap of Rs 391.51 crore with a 3-year stock price CAGR of 158 per cent. In its Quarterly Results and nine-month results, the company reported positive numbers. The shares of the company have ex-traded bonus shares 3 times since listing till today, in the ratio 1:3, 1:2 & 27:10 with ex-dates as December 22, 2023, September 21, 2022 and August 09, 2021, respectively. Additionally, the shares of the company, ex-traded stock split from a face value of Rs 10 to a face value of Rs 5 on October 05, 2021.
The stock gave multibagger returns of 345 per cent from its 52-week low of Rs 18.77 per share and a whopping 1,600 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.
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