14:48 Bonus Shares announced for the 4th consecutive year: Keep this multibagger IT-stock with 2,400 per cent returns under the radar!

The stock gave multibagger returns of over 740 per cent from its 52-week low of Rs 32.55 per share and a whopping 2,400 per cent in 3 years.

Alphalogic Techsys Ltd informed that the Board of Directors of the company has announced bonus shares in the ratio 14:48 i.e., 14 (Fourteen) bonus equity shares of Rs 05 each for every 48 (Forty-Eight) existing equity shares of Rs 05 each held. The Board fixed the record date for the bonus shares as Saturday, July 13, 2024, & Ex-date which is one day before i.e., Friday, July 12, 2023.

Earlier, 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.

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.

Also Read: Promoters bought 8,48,030 shares: This multibagger IT-company bags new orders worth Rs 8,00,00,000 from Chief Minister of Gujarat

Today, shares of Alphalogic Techsys Ltd hit a 5 per cent upper circuit to Rs 274.15 per share from its previous closing of Rs 261.10. The stock’s 52-week high is Rs 400.55 and its 52-week low is Rs 32.44. The company has a market cap of over Rs 1,200 crore with a 3-year stock price CAGR of 80 per cent.  In its Quarterly Results (Q4FY24) and annual results (FY24), the company reported positive numbers.

The stock gave multibagger returns of over 740 per cent from its 52-week low of Rs 32.55 per share and a whopping 2,400 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.