Avance Technologies Ltd, a small cap stock from the IT Software sector, has hit its fourth consecutive upper circuit as the board of directors prepares to meet to consider and approve a sub-division/split of equity shares. The current market price of Avance Technologies stock is Rs 1.45 apiece, with an intraday gain of 4.32. Over the last six months, the stock has offered shareholders a return of 400%.
In a recent BSE filing, Avance Technologies announced that the Board of Directors will convene to discuss various matters. These include increasing the company’s authorized share capital, approving the proposal for sub-division/split of equity shares, and approving related party transactions.
Avance Technologies shares have performed well in the market. The stock hit the upper circuit on September 20, 21, 22, and 25, respectively. It has a 52-week high price of Rs 2.66 per share and a 52-week low price of Rs 0.18 per share. The company currently has a market capitalization of Rs 57.48 crore. The stock has provided impressive returns to shareholders, with a year-to-date return of 663%, a one-year return of 559%, a two-year return of 480%, and a five-year return of 1350%.
In terms of financials, Avance Technologies reported a standalone total income of Rs 2.56 crore for the quarter ended June 30, 2023, a significant increase of 337.13% compared to the previous quarter. The net profit after tax for the same quarter was Rs 0.18 crore.
Avance Technologies is an IT company that offers a range of services, including search engine optimization, pay-per-click advertising, content marketing, social media management, conversion rate optimization, and marketing automation.
Disclaimer: This article highlights the potential stock split of Avance Technologies and is not a recommendation to buy, sell, or hold the stock. No fundamental or technical analysis has been conducted, and the author and Greynium Information Technologies shall not be held liable for any losses. Please consult a professional advisor.
Definitions:
– Small cap stock: refers to a stock of a company with a relatively low market capitalization.
– IT Software sector: the sector that includes companies involved in the design, development, and maintenance of software.
– Upper circuit: a limit on the maximum price at which a stock can be traded on a particular trading day.
– Equity shares: shares of a company’s stock that represent ownership in the company.
– Intraday gain: the percentage increase in the stock price during a trading day.
– Authorized share capital: the maximum number of shares that a company is authorized to issue to shareholders.
– Market capitalization: the total value of a company’s outstanding shares in the stock market.
– Return: the percentage increase or decrease in the value of an investment over a certain period.
– Year-to-date (YTD) return: the return on an investment from the beginning of the current year until the present.
– Standalone total income: the total income of a company without considering its subsidiaries or other related entities.
– Net profit after tax: the profit of a company after deducting taxes from its total income.
– SEO: search engine optimization, the practice of optimizing a website to improve its visibility in search engine rankings.
– PPC advertising: pay-per-click advertising, a form of digital advertising where advertisers pay a fee each time their ad is clicked.
– Content marketing: a marketing strategy that involves creating and distributing valuable content to attract and engage a target audience.
– Social media management: the process of managing an organization’s presence on social media platforms to engage with their audience and build brand awareness.
– Conversion rate optimization: the process of improving the percentage of website visitors who take a desired action, such as making a purchase or filling out a form.
– Marketing automation: the use of software and technology to automate repetitive marketing tasks and streamline marketing processes.
Sources:
– BSE filing of Avance Technologies dated September 12, 2023