3:5 Bonus issue: Multibagger IT company announces new record date for bonus issue, complete details inside
The company's shares have delivered an impressive return of over 3000 per cent in the past three years.
Titan Intech, operating within the IT and Data Centers industry, was incorporated in 1984. The company has made a significant announcement of which investors should be aware.
Recent Announcements
As per the latest announcement, the record date has been revised to Friday, May 17th, 2024, which was earlier announced as Tuesday, May 14th, 2024, for determining the eligibility of shareholders entitled to bonus Shares.
Therefore, Friday, May 17th, 2024, for the issuance of Bonus Equity Shares of the Company at the ratio of 3 (Three) new fully paid-up equity shares of Rs 10/- (Rupees Ten Only) each for every 5 (Five) fully paid-up Equity Shares of Rs 10/- (Rupees Ten Only).
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Share Performance of Titan Intech
Today, the company's stock is at around Rs 92.50 per share on the BSE, with a market capitalisation of Rs 106.83 crore. Additionally, the stock has delivered a multibagger return of around 3134 per cent in the past three years. The company has not yet released its Quarterly Results for Q4 FY24.
In Q3 FY24, Titan Intech reported revenue of Rs 12.26 crore, representing a year-on-year growth of 387 per cent from Rs 2.52 crore in the same quarter last year. The company posted an operating profit of Rs 2.74 crore, compared to a profit of Rs 0.60 crore in the same quarter last year. The company’s net profit stood at Rs 1.69 crore in the December quarter.
Furthermore, the company started posting a net profit in FY22 after experiencing back-to-back losses for the past 3 years. It is set to announce its annual results soon.
Investors must keep this Small-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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