5,800 per cent in Just 2 Years: This Multibagger IT Company Bags Order from Kerala & Karnataka Gramin Bank; Must Watch!

5,800 per cent in Just 2 Years: This Multibagger IT Company Bags Order from Kerala & Karnataka Gramin Bank; Must Watch!

Rakesh Deshmukh

The company’s shares have delivered an impressive return of over 485 per cent in just 1 year.

Network People Services Technologies Limited (NPST) has secured a purchase order for a comprehensive All-in-One Super App Mobile Banking Solution for a period of three years. This solution includes supply, development, installation, configuration, customization, implementation, maintenance, monitoring, management, and commissioning. The order is aimed at Kerala Gramin Bank and Karnataka Gramin Bank, empowering them to offer advanced digital banking and payment services to rural customers, thereby improving accessibility and convenience. This achievement represents a significant milestone for NPST, reaffirming its position as a leading provider of cutting-edge software solutions in the banking and payments industries.

Network People Services Technologies Ltd company specializes in providing software and digital payment solutions to the BFSI industry (Banking, Financial Services, and Insurance sector).

Share Performance:

On Tuesday Network People Services Technologies Limited shares closed the day at Rs 1615.95 per share. The company’s current market capitalization stands at Rs 3132.68 crore. The stock has delivered a multibagger return of over 485 per cent in just 1 year only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Network People Services Technologies Ltd reported a revenue of Rs 75 crore and an operating profit of Rs 25 crore. The operating profit margin for the quarter stands at 33 per cent. The company’s net profit stood at Rs 17 crore. In FY24, the company reported a revenue of Rs 128 crore compared to Rs 41 crore, and a net profit of Rs 27 crore, compared to a profit of Rs 7 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.

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