Multibagger Penny Stock Below Rs 5 Hit Upper Circuit After Board Likely to Announce Bonus Shares & 100% Dividend
The company has a market cap of Rs 128.6 crore and the stock has given multibagger returns of 242 per cent from its 52-week low of Re 0.60 per share.
Kretto Syscon Limited's Board of Directors will convene on Tuesday, July 15, 2025, to consider key corporate actions for the financial year ended March 31, 2025. The agenda includes recommending either a final dividend of up to Re 1 per equity share (100 per cent) or the issuance of bonus shares, both subject to necessary approvals. Additionally, the board will address any other pertinent matters.
Additionally, Kretto Syscon Limited has formed a joint venture with B-Devasya Designs & Buildcon Private Limited to develop a Rs 250 million mixed-use project in Ghuma, West Ahmedabad, projecting Rs 480 million revenues. Kretto Syscon will invest Rs 50 million. The G+7 structure will offer affordable 1 & 2 BHK homes and retail spaces, targeting completion in about five years after approvals. This strategic move aims to boost shareholder value by capitalising on Ahmedabad's appreciating real estate market.
About the Company
Incorporated in 1994, Kretto Syscon Ltd operates in two primary sectors: real estate development and software development. In real estate, their services encompass the construction, purchase, sale, resale and rental of both residential and commercial properties. On the software front, the company is involved in designing, developing and dealing in computer software and solutions, undertaking IT-related assignments, networking and network management, data centre management and providing consultancy services. They also focus on developing, designing, distributing and dealing in systems and application software for microprocessor-based information systems, offshore software development projects and providing Internet service provider and solutions across various application areas, including emerging niche segments like the Internet.
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On Friday, shares of Kretto Syscon Ltd hit a 5 per cent upper circuit to Rs 2.05 per share from its previous closing of Rs 1.96 per share. The company has a market cap of Rs 128.6 crore and the stock has given multibagger returns of 242 per cent from its 52-week low of Re 0.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.