Low price stock: Accel hits upper circuit; gains 35 per cent in one month!

Apart from being a technology company, Accel has a ‘Realty Infrastructure Solutions’ division, where the company constructs ready-to-use IT space and leases out for long-term use to reputed and large corporates/ MNCs.   

Accel Ltd zoomed nearly 5 per cent to hit the upper circuit during Friday’s trading session. The stock is up by more than 35 per cent in a one-month period while in one year, it gained more than 300 per cent.

In the current market rally, we have seen that a greater number of low-priced stocks have managed to outperform the markets. Accel is just one of them. Accel Ltd (holding company) is a company listed on BSE and was founded in the year 1991 by an IT industry veteran. Last year, the company acquired Ensure Support Services (India) Limited, a wholly-owned subsidiary of an MNC - Redington (India) Ltd, having a network at 80 locations with a turnover of Rs 105 crore, an EBITDA of 10 per cent and PBT of 6 per cent.

Apart from being a technology company, Accel has a ‘Realty Infrastructure Solutions’ division, where the company constructs ready-to-use IT space and leases out for long-term use to reputed and large corporates/ MNCs.