Heavy buying and 600 per cent returns: Back-to-back upper circuit in this multibagger stock; reports 261 per cent jump in net profit!

Shares of the company gained more than 300 per cent in the last six months.

Shares of R S Software (India) Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. However, the stock closed gaining 4.50 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock was locked in the upper circuit. The stock has gained more than 300 per cent in the last six months.

The company posted brilliant Quarterly Results. The revenue of the company for Q1FY25 stood at Rs 18.75 crore which grew by 69.31 per cent YoY. The operating profit of the company stood at Rs 6.88 crore, while the PAT of the company stood at Rs 5.09 crore, representing an impressive growth of 261.41 per cent YoY.

Shares of R S Software (India) Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 40.15 on July 31, 2023, to Rs 280.44 on July 26, 2024, an increase of more than 600 per cent in the last one-year holding period.

RS Software (India) Ltd is a leading software company providing quality software services and consulting. The services offered by the company includes Payment Solutions-Gift & Loyalty, Risk Modeling, Residual Management, Payment Gateway and Merchant Boarding, Technology Solutions-Data Analytics, Business Intelligence and Data Warehousing. The company also in the business activities of Segment-B (ROW), Segment-A (USA). 

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

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