From Rs 15.70 to Rs 62.30 in just 1 year: This multibagger penny stock gained over 15 per cent and hit 52-week high today; PAT zooms over 200 per cent!

From Rs 15.70 per share to Rs 62.30 per share, the stock gave multibagger returns of 296.82 per cent in just 1 year.

Today, one of the Top Gainers on NSE, shares of One Point One Solutions Ltd gained 15.05 per cent and traded at an intraday high & fresh 52-week high of Rs 62.30 per share from its previous closing of Rs 54.15 per share. Today total of 19,91,599 quantities are traded with 52.14 per cent of deliverable quantity to traded quantity.  

One Point One Solutions Ltd. streamlines businesses through diverse services like customer care, finance, sales, marketing, and IT, empowering clients like Baroda AMC, Jaquar, Edelweiss Tokio Life, and Tata SME to maximize efficiency and results.

The company had previously issued 3.44 crore convertible warrants at Rs 28.32 each, convertible into Rs 2 shares. A recent board decision on December 30, 2023, approved the conversion of 2,00,001 warrants into equity shares, with Rs 42,48,021.24 received from warrant holders, constituting 75 per cent of the remaining issue price after the initial 25% payment.

Goshar Infra Projects Pvt Ltd received 2,00,000 warrants, and Chhatisgarh Investments Ltd received 1 warrant, totalling Rs 42,48,021.24, representing 75 per cent of the issue price per warrant. After this conversion, 1.84 crore warrants remain unconverted, with an option for holders to convert them at Rs. 21.24 per warrant within 18 months of their initial allotment. The company's paid-up capital has slightly increased due to the issuance of new shares with equal rights to existing shares.

The company demonstrated impressive performance in both the Quarterly Results and half-yearly results for fiscal year 2024, showcasing substantial growth across all essential financial metrics.

The second-quarter financial results of the company in fiscal year 2024 were exceptional. Total income surged by 17.45 per cent to reach Rs 41.01 crore, EBITDA witnessed a remarkable increase of 71.49 per cent to Rs 14.83 crore, resulting in an EBITDA margin rise from 24.77 per cent to 36.17 per cent. Net profit soared by 210 per cent, reaching Rs 5.93 crore, and earnings per share (EPS) experienced a substantial growth of 200 per cent, reaching Rs 0.30 per share.

For the first half of the fiscal year, total income increased by 13.97 per cent to Rs 79.75 crore, EBITDA increased by 51.31 per cent to Rs 26.15 crore, EBITDA margin increased from 24.69 per cent to 32.79 per cent, net profit increased by 2.37 times to Rs 8.75 crore, and EPS increased by 125 per cent to Rs 0.45 per share.

From Rs 15.70 per share to Rs 62.30 per share, the stock gave multibagger returns of 296.82 per cent in just 1 year. Investors should keep an eye on this micro-cap stock.

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