Ducon Infratechnologies: This stock gave a strong return of 250% in one year, now the company will give bonus shares

Ducon Infratechnologies share price: The stock of Ducon Infratechnologies took an upper circuit of 5 percent on Tuesday. Actually, the company’s board meeting is to be held on February 25, in which the proposal for issuing bonus shares will be considered. The company’s stock is getting the benefit of this. At present, buy orders are pending for 82,856 shares of the company with no sellers available.

The company will consider increasing the authorized share capital

The Ducon Infratechnologies key board will be conducted through video conferencing/ other audio-visual means. It also proposes to increase the authorized share capital of the company.

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The company had good results for the quarter ended December 2021. During this period, its net profit increased by 174 per cent to Rs 2.15 crore, compared to Rs 78 lakh in the same period a year ago. However, the company’s total sales declined to Rs 98.02 crore in the third quarter of the current fiscal from Rs 102.04 crore in the same period a year ago.

Shares trading up 290 per cent from 52 week low

The company’s stock has gained 277 percent in the last one year. On Tuesday, the shares of Ducon Infratechnologies closed at Rs 21.15, up 4.96 per cent on the BSE.

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The stock had hit a level of Rs 31.80 on January 12, 2022, its 52-week high. Whereas on March 16, 2021, it was at Rs 5.42, which was its 52-week low. The stock is currently trading 33.49 percent down from its 52-week high and 290.22 percent above its 52-week low.

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