News for Indian Infotech and Software Limited (INDINFO.BO)

Noida-based IT major will declare its quarterly results today. Alongside, the company will also be announcing its fourth interim dividend. The company since the year 2000 has in total declared 83 dividends. And in the current FY, it has so far declared Rs 38 per share dividend. The consensus recommendation from 42 analysts for the stock is buy.

Sebi had directed the BSE to appoint an independent forensic auditor to verify the misrepresentations, including in financials/business of IISL (Indian Infotech and Software) and misuse of funds/books of account, , sebi, funds

Penny stocks are generally considered those which trade in a single-digit or penny price or those which have a very low market cap.

Read more about Over 850 Indian penny stocks more than doubled in the past 18 months: Data on Business Standard. Some penny stocks or low-priced stocks have given massive returns in the past 18 months with 102 stocks rising over 1000% and 10 stocks rising over 5000 per cent.