Small-cap stock to consider bonus shares after giving 5500% return in five years
Bonus shares 2023: NINtec Systems shares are one of the multibagger stocks that Indian stock market has produced in last one year. This small-cap stock has risen to the tune of 1500 per cent in last one year. However, this is not the end of income for its shareholders. Now, the board of directors of the company are going to consider and approve bonus shares in its board meeting scheduled today. The bonus shares won’t have direct and immediate impact on shareholders’ absolute investment but after the issuance of bonus shares, shareholders’ shareholding will increase and after that Re 1 appreciation will go up as per the increased shareholding post-bonus shares.
NINtec Systems Ltd informed Indian stock market bourses about bonus share proposal citing, “In compliance with the provisions of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that the meeting of the Board of Directors of NINtec Systems Limited is scheduled to be held on Monday, 19th June, 2023 at 03.30 P.M. at the Registered office of the company at B-11, Corporate House, Bodakdev, Ahmedabad-380054, Gujarat to transact the following business: To consider increase in Authorized capital of the Company; To consider the proposal for issue of Bonus shares to the existing shareholders of the Company; and To consider and transit any other business which may be placed before the Board with the permission of the Chairman.”
NINtec Systems share price history
As mentioned earlier, NINtec Systems shares are one of the multibagger stocks which is available for trade on both NSE and BSE. On BSE, this stock has risen 55 per cent in last one month whereas in last six months, the small-cap multibagger stock has surged to the tune of 135 per cent. In year-to-date (YTD) time, multibagger small-cap stock has appreciated around 150 per cent whereas in last one year, it has shot up from near 40 to ₹644 apiece levels, logging to the tune of 1500 per cent risen in this time.
In last five years, this small-cap multibagger stock has ascended from ₹11.50 to ₹644 per share levels, delivering to the tune of 5500 per cent return to its positional shareholders.
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Updated: 19 Jun 2023, 09:46 AM IST
