Heavy Buying Witnessed: This multibagger penny stock under Rs 55 gains 6.6 per cent on November 30; PAT zooms over 200 per cent!

The stock gave multibagger returns of over 150 per cent in just 1 year.

Today, shares of One Point One Solutions Ltd gained 6.6 per cent and traded at an intraday high of Rs 39 per share from its previous closing of Rs 37.75 per share. The stock’s 52-week high is Rs 56.75 and its 52-week low is Rs 14.25. The stock’s quantity was traded 7,53,243 shares and the deliverable quantity to traded quantity is 79.80 per cent.

One Point One Solutions Ltd is a company that helps other companies work more efficiently by providing a variety of services, such as customer care, finance, sales, marketing, and IT. The clients of the company include Baroda AMC, Jaquar, Edelweiss Tokio Life Insurance, Tata SME etc.

The company's fiscal year 2024 Quarterly Results and half-yearly results were impressive, with significant growth in all key financial metrics.
The company's financial performance for the second quarter of fiscal year 2024 was outstanding. Total income increased by 17.45 per cent to Rs 41.01 crore, EBITDA increased by 71.49 per cent to Rs 14.83 crore, EBITDA margin increased from 24.77 per cent to 36.17 per cent, net profit increased by 210 per cent to Rs 5.93 crore, and EPS increased by 200 per cent to 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.

The stock gave multibagger returns of over 150 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.