Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; hits fresh 52-week high!
Shares of the company have gained about 80 per cent in the last six months.
Shares of Alphalogic Techsys Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 80 per cent. On Monday, the stock also made a fresh 52-week high at Rs 55.79.
The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 9.67 crore which grew by 136.57 per cent YoY. The operating profit of the company stood at Rs 1.13 crore, while the PAT of the company stood at Rs 0.73 crore, representing a decline of 25.79 per cent YoY.
Shares of Alphalogic Techsys Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 6.62 on October 07, 2020, to Rs 55.79 on September 11, 2023, an increase of about 740 per cent in three year holding period.
Also read, Which is better: Mutual Fund or Portfolio Management Services; find out here
Alphalogic Techsys Limited is engaged in Healthcare, Software-as-a-service (SAAS Software), e-commerce, Fintech, Social Networking, and other industries. It provides a wide range of services, including, Web Application Development, Mobile Application Development, UI & UX Consulting, Business Intelligence, and Data Analytics services.
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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.