Latest news with #KrettoSyscon
Mint
12 hours ago
- Business
- Mint
Penny stock under ₹5 hits upper circuit on dividend and bonus share buzz
Shares of penny stock Kretto Syscon hit their 5 percent upper circuit at ₹ 2.05 in intra-day trading on Friday, June 20, following the company's announcement regarding potential shareholder rewards. In a regulatory filing with the exchanges, Kretto revealed that its Board of Directors will meet on July 15, 2025, to consider a 100% final dividend and a bonus issue for the financial year ended March 31, 2025. According to the filing, the company is contemplating the declaration of a final dividend of up to 100 percent—that is, ₹ 1 per equity share of face value ₹ 1 each, subject to the availability of distributable reserves and necessary statutory and shareholder approvals. In addition to this, the board will also consider the issuance of bonus shares, with the ratio and record date to be decided during the board meeting. The filing stated, 'The meeting of the Board of Directors of Kretto Syscon Limited is scheduled to be held on Tuesday, July 15, 2025, to consider the declaration of a final dividend of up to 100% and the issuance of bonus shares for equity shareholders, subject to approvals.' The proposals are to be presented for shareholder consideration at an upcoming Extra-Ordinary General Meeting (EGM). While the announcement boosted short-term investor sentiment, it comes on the back of a recent pullback in the stock. In June alone, Kretto Syscon has declined over 7 percent, snapping a five-month winning streak. The penny stock had posted strong gains earlier in the year—up 7.8 percent in May, 11.4 percent in April, 2.22 percent in March, 22.5 percent in February, and 23.5 percent in January. Despite the June dip, the stock has been a standout performer over the last year, delivering multi-bagger returns of over 121 percent. It hit its 52-week high of ₹ 2.72 earlier this month and had touched a 52-week low of ₹ 0.60 in July 2024, showcasing its massive upward trajectory. Kretto Syscon, although trading in penny stock territory, is an emerging player in India's real estate development and technology solutions space. The company positions itself as a provider of innovative, client-centric projects across sectors, focusing on addressing the evolving needs of its target markets. With a combination of infrastructure expertise and tech-driven initiatives, the firm aims to expand its footprint in high-growth segments.
Mint
14 hours ago
- Business
- Mint
Penny stock under ₹5 hits upper circuit on dividend and bonus share buzz
Shares of penny stock Kretto Syscon hit their 5 percent upper circuit at ₹ 2.05 in intra-day trading on Friday, June 20, following the company's announcement regarding potential shareholder rewards. In a regulatory filing with the exchanges, Kretto revealed that its Board of Directors will meet on July 15, 2025, to consider a 100% final dividend and a bonus issue for the financial year ended March 31, 2025. According to the filing, the company is contemplating the declaration of a final dividend of up to 100 percent—that is, ₹ 1 per equity share of face value ₹ 1 each, subject to the availability of distributable reserves and necessary statutory and shareholder approvals. In addition to this, the board will also consider the issuance of bonus shares, with the ratio and record date to be decided during the board meeting. The filing stated, 'The meeting of the Board of Directors of Kretto Syscon Limited is scheduled to be held on Tuesday, July 15, 2025, to consider the declaration of a final dividend of up to 100% and the issuance of bonus shares for equity shareholders, subject to approvals.' The proposals are to be presented for shareholder consideration at an upcoming Extra-Ordinary General Meeting (EGM). While the announcement boosted short-term investor sentiment, it comes on the back of a recent pullback in the stock. In June alone, Kretto Syscon has declined over 7 percent, snapping a five-month winning streak. The penny stock had posted strong gains earlier in the year—up 7.8 percent in May, 11.4 percent in April, 2.22 percent in March, 22.5 percent in February, and 23.5 percent in January. Despite the June dip, the stock has been a standout performer over the last year, delivering multi-bagger returns of over 121 percent. It hit its 52-week high of ₹ 2.72 earlier this month and had touched a 52-week low of ₹ 0.60 in July 2024, showcasing its massive upward trajectory. Kretto Syscon, although trading in penny stock territory, is an emerging player in India's real estate development and technology solutions space. The company positions itself as a provider of innovative, client-centric projects across sectors, focusing on addressing the evolving needs of its target markets. With a combination of infrastructure expertise and tech-driven initiatives, the firm aims to expand its footprint in high-growth segments. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
25-04-2025
- Business
- Business Standard
Kretto Syscon reports standalone net loss of Rs 1.36 crore in the March 2025 quarter
Sales reported at Rs 2.29 crore Net loss of Kretto Syscon reported to Rs 1.36 crore in the quarter ended March 2025 as against net profit of Rs 0.17 crore during the previous quarter ended March 2024. Sales reported to Rs 2.29 crore in the quarter ended March 2025. There were no Sales reported during the previous quarter ended March 2024. For the full year,net profit rose 1552.00% to Rs 4.13 crore in the year ended March 2025 as against Rs 0.25 crore during the previous year ended March 2024. Sales reported to Rs 10.97 crore in the year ended March 2025. There were no Sales reported during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2.290 0 10.970 0 OPM % -98.250 - 44.300 - PBDT -1.840.26 PL 5.590.34 1544 PBT -1.840.26 PL 5.580.34 1541 NP -1.360.17 PL 4.130.25 1552
Mint
23-04-2025
- Business
- Mint
Penny stock below ₹5 edges higher ahead of Q4 results 2024
Penny stock: Kretto Syscon shares were in focus on Wednesday's session ahead of its Q4 results. Kretto Syscon is set to release its audited financial results for the fourth quarter of 2024-25 and the entire fiscal year on April 24. Recently, Kretto Syscon shares have increased by 40%, climbing from ₹ 1.45 per share to ₹ 2.13. 'meeting of the Board of Directors of the Company is scheduled to be held on 24th April,2025 to consider and approve Audited Standalone Financial Results for the year ended on March 31, 2025,' said the firm in its filing. On Tuesday, the stock reached a 52-week high of ₹ 2.15, trading at around 22 times the earnings per share of ₹ 0.09, indicating heightened investor confidence, according to reports. The company had a market capitalisation of over ₹ 116 crores. Kretto Syscon achieved a strong profit of ₹ 5.83 crore in the second quarter of the financial year 2024-25, followed by ₹ 1.83 crore in the third quarter, showcasing resilience amid market difficulties. Analysts anticipate that the performance in the fourth quarter will remain stable and believe that the stock will continue to draw investor interest within the small-cap segment. As Kretto Syscon maintains its emphasis on innovation, transparency, and long-term value generation, it is well-positioned for future growth in its primary sectors. As per trendlyne data, Kretto Syscon share price rose 240% and outperformed its sector by 237.93% in the past year. Kretto Syscon share price opened at an intraday low of ₹ 2, the stock touched an intraday high of 2.04 per share. Kretto Syscon Limited is a prominent firm in India focused on real estate development and technology solutions. The firm strives to provide superior projects that address the changing demands of its clients in different sectors.
Mint
23-04-2025
- Business
- Mint
Penny stock below ₹5 edges higher ahead of Q4 results 2024
Penny stock: Kretto Syscon shares were in focus on Wednesday's session ahead of its Q4 results. Kretto Syscon is set to release its audited financial results for the fourth quarter of 2024-25 and the entire fiscal year on April 24. Recently, Kretto Syscon shares have increased by 40%, climbing from ₹ 1.45 per share to ₹ 2.13. On Tuesday, the stock reached a 52-week high of ₹ 2.15, trading at around 22 times the earnings per share of ₹ 0.09, indicating heightened investor confidence, according to reports. The company had a market capitalisation of over ₹ 116 crores. First Published: 23 Apr 2025, 03:29 PM IST
