Low PE & high ROE stock under Rs 150 jumps over 4 per cent today: This Fintech & Ed-tech company secures a 10-year agreement with CSC Academy; details inside!
The shares of the company have a PE of 10x, an ROE of 74.5 per cent and an ROCE of 86.8 per cent.
Today, shares of Quicktouch Technologies Limited gained 4.81 per cent to Rs 145 per share from its previous closing of Rs 139.30. The stock’s 52-week high is Rs 274 and its 52-week low is Rs 105.
Quicktouch Technologies Limited is excited to announce the signing of a significant 10-year agreement with CSC Academy to deliver a state-of-the-art School Resource Management System. This partnership marks a major milestone for Quicktouch Technologies, reflecting its commitment to enhancing educational administration through innovative technology solutions. Quicktouch Technologies Limited will implement a comprehensive School Resource Management System tailored to the needs of CSC Academy's network of schools. This long-term project will not only streamline administrative operations but also enhance communication and resource allocation across all educational facilities under CSC Academy. This multi-year agreement demonstrates again the leading position of Quicktouch Technologies Limited's leadership in providing innovative IT solutions for the education sector and reaffirms one of the core values of the company in establishing strong collaborative relationships.
Mr. Gaurav Jindal, Managing Director of Quicktouch Technologies Limited, stated, "We are thrilled to partner with CSC Academy in this transformative endeavour. This agreement represents a significant step forward in our mission to drive innovation in the education sector. Our School Resource Management System is designed to revolutionize how educational institutions manage their resources, ultimately improving the learning environment for more than 2 million students across India."
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About the Company
Incorporated in 2013, Quicktouch Technologies Limited is an information technology company. The company is in the business of software IT solutions and consulting services, IT product/software development & software commercial training and web designing.
The company has a market cap of Rs 80 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24). According to quarterly results, the company reported net sales of Rs 34.05 crore in Q4FY24 compared to net sales of Rs 42.74 crore in Q4FY23. The net profit increased by 139.2 per cent to Rs 1.15 crore in Q4FY24 compared to Rs 0.48 crore in Q4FY23. In its annual results, the net sales increased by 39 per cent to Rs 122.16 crore and net profit increased by 5.3 per cent to Rs 6.73 crore in FY24 compared to FY23.
The shares of the company have a PE of 10x, an ROE of 74.5 per cent and an ROCE of 86.8 per cent. The stock is up by 39 per cent from its 52-week low of Rs 105 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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