Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 100 per cent!

Shares of the company gained more than 30 per cent in the last six months.

Shares of Ceinsys Tech 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 few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 30 per cent.

The company posted robust Quarterly Results in Q4FY24. The revenue of the company stood at Rs 78.27 crore which increased by 7.29 per cent YoY. The operating profit of the company stood at Rs 13.79 crore. The company’s PAT stood at Rs 7.22 crore which declined by Q4FY24.

Shares of Ceinsys Tech 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 212.40 on June 12, 2023, to Rs 464.40 on June 10, 2024, an increase of about 100 per cent in the last one-year holding period.

Ceinsys Tech Limited is a technology-driven organization that specializes in offering solutions in the Geospatial, Enterprise & Engineering, and mobility services space for a global clientele. Incorporated. It forms an integral part of the large conglomerate – Meghe Group. The company has a track record of more than two decades as a solution provider offering Geographical Information Services (GIS) and Engineering Solutions. CTL specializes in designing, capturing, storing, mapping, analyzing, and managing all types of geographical data.

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.