{"id":94076,"date":"2023-03-08T16:15:00","date_gmt":"2023-03-08T10:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=94076"},"modified":"2023-03-08T14:54:20","modified_gmt":"2023-03-08T09:24:20","slug":"multibagger-stock-announces-dividend-and-bonus-issue-delivers-118-return-in-a-month","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-announces-dividend-and-bonus-issue-delivers-118-return-in-a-month\/","title":{"rendered":"Multibagger stock announces dividend and bonus issue; Delivers 118% return in a month"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1829827942\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Nettlinx Ltd, on Monday, declared 1st interim dividend for the financial year 2022-23 of Rs. 0.40 per share on a face value of Rs 10\/- each. The record date has been fixed to be 17th March.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2974936494\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Apart from the dividend declaration, they also announced a bonus issue in a 1:1 ratio with the record date being 17<sup>th <\/sup>March. The total number of securities proposed to be issued or the total amount for which the securities will be issued for the purpose of bonus shares is Rs.12,08,83,120 consisting of 1,20,88,312 equity shares of Rs.10\/- each.&nbsp;<\/p><p>The stock opened its trading session at Rs 206 and with a jump of around 4 percent the stock currently trades at around Rs 225.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/511658\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Nettlinx Ltd<\/a><\/strong> is an Internet Infrastructure initiative of the Nettlinx Group offering state-of-the-art Managed Network Services to enterprises across Telangana &amp; Andhra Pradesh. It operates through a network built on world-class technology and unparalleled infrastructure.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-163931489\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company operates through a direct presence in 93+ locations and has proved to be one of the best ISPs in providing a fully converged network platform to Enterprises across the above-mentioned states.&nbsp;<\/p><p>Moreover, it offers a complete range of network solutions like the Internet, Network Management Services, Data Centre and Co-location Services Enterprise Mailing Solutions, etc. It fulfills the need to run applications like Live Video Streaming, Mailing, Web services, etc across multi-location enterprises.&nbsp;<\/p><p>Having a look at the financials of the company, it can be observed that the revenues and net profits have seen a downfall with revenues sliding down from Rs 6 crores in Q2 to Rs 4.5 crores in Q3. Their Net losses widened from Rs 7 Lakhs in Q2 and Rs 34 Lakhs during Q3.&nbsp;<\/p><p>Looking at a wider horizon of time, the company\u2019s stock performed exceptionally well and provided multi-bagger returns of 118 percent within a span of just 1 month, and viewing even further, for a span of 6 months, the stocks are up 186 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1710631687\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Nettlinx Ltd, on Monday, declared 1st interim dividend for the financial year 2022-23 of Rs. 0.40 per share on a face value of Rs 10\/- each. The record date has been fixed to be 17th March.&nbsp; Apart from the dividend declaration, they also announced a bonus issue in a 1:1 ratio with the record date [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2660,3913,3912,2838,2843,7138,7144,7146,7143,7145,7140,7141,7142,7139,948,936,3153,3157,2597],"class_list":["post-94076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-india","tag-nettlinx-ltd","tag-nettlinx-ltd-bonus-issue","tag-nettlinx-ltd-bonus-issue-2023","tag-nettlinx-ltd-dividend","tag-nettlinx-ltd-dividend-2023","tag-nettlinx-ltd-latest-news","tag-nettlinx-ltd-q3-results","tag-nettlinx-ltd-results-2023","tag-nettlinx-ltd-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock announces dividend and bonus issue; 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