IT-hardware solution company bags new orders worth Rs 17.43 crore for supplying material for the ICT LAB including drone, AI & Robotics services!

The stock gave multibagger returns of 125.7 per cent from its 52-week low of Rs 80.25 per share.

Slone Infosystems Limited has received a significant order valued at Rs. 17.43 Crores plus GST to supply materials for an ICT Lab, encompassing drone, AI, and Robotics services. The undisclosed listed company has placed this order, which is domestic in nature and sale-based. The purchase order, dated August 28, 2024, stipulates delivery within 7 to 10 working days. This substantial contract underscores Slone Infosystems' expertise in the ICT domain and its ability to cater to the evolving technological needs of various industries.

Slone Infosystems Limited, founded in December 2022, is an Indian IT hardware solutions company that sells and rents IT equipment (laptops, desktops, servers, workstations) and provides IT solution services (cloud server management, IT equipment servicing) to corporate clients.

The stock was listed under the SME segment with a lot size of 1600 shares. On Thursday, shares of Slone Infosystems Limited surged 5 per cent upper circuit to Rs 181.15 per share from its previous closing of Rs 172.55. The stock also made a fresh 52-week high is Rs 181.15 and its 52-week low is Rs 80.25.

The company has a market cap of Rs 95.45 crore. In its annual results, the company reported a net sales of Rs 30.22 crore, an operating profit of Rs 1.33 crore and a net profit of Rs 0.75 crore. The shares of the company have an ROE of 200 per cent and an ROCE of 122 per cent. The stock gave multibagger returns of 125.7 per cent from its 52-week low of Rs 80.25 per share. Investors should keep an eye on this micro-cap stock.

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

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