2:1 Bonus Issue & 7,300 per cent Multibagger Returns: FIIs Bought 32,956 Shares of This Small Cap Company; Stock Rallied Around 10 per cent Today!
The company’s shares have delivered an impressive return of over 790 per cent in just 1 year only.
Network People Services Technologies Limited is an India-based fintech company specializing in digital payment solutions, including Unified Payments Interface (UPI), Immediate Payment Service (IMPS), mobile banking, and wallets for banks and payment companies. The company operates as an NPCI-approved merchant PSP, digitizing the merchant acquiring space under the brand name TimePay.
At the start of the day's trading session, the stock opened at Rs 2115.65 per share, compared to the previous day's closing figure of Rs 2008.85 per share on the NSE. Finally, the shares closed at Rs 2173 per share on the NSE. Today the company’s shares rallied around 10 per cent with heavy volumes. The company's current market capitalization stands at Rs 4212.58 crore, and the stock has generated an impressive return of over 790 per cent in the past 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Network People Services Technologies Limited recorded a revenue of Rs 75 crore. The operating profit for Q4 FY24 stood at Rs 25 crore. The net profit for Q4 FY24 was Rs 17 crore. Looking at the annual performance, the company generated a revenue of Rs 128 crore in FY24, compared to Rs 41 crore in FY23. The operating profit for FY24 was Rs 41 crore, with a net profit of Rs 27 crore.
Regarding the shareholding pattern, the promoters own 67.55 per cent of the company and the public or retail investors hold 32.26 per cent. FIIs own a 0.19 per cent stake compared to 0.02 per cent in the company.
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Network People Services Technologies Limited offers services under two verticals: Technology Service Provider (TSP) and Third-Party Payment Application Provider (TPAP). As a TSP, the company enables banks and financial institutions through a range of digital payment solutions such as mobile banking, IMPS, BHIM UPI, and wallet platforms. As a TPAP, it supports merchants in the digital ecosystem by providing a comprehensive digital platform for transactions. Additionally, the company offers smart transaction and merchant management solutions for micro, small, and medium enterprises (MSMEs).
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.