Multibagger penny stock below Rs 25: This micro-cap IT company enters into agreements with Fujitsu and USA-based company; stock trades at high ROE & ROCE!
The stock gave multibagger returns of 190 per cent in 3 years.
Incorporated in 1990, Adroit Infotech Ltd is primarily engaged in the business of SAP Support Services. The company has entered into various agreements; here are the details:
Agreement No - 1: Verso Altima Private Limited a wholly owned subsidiary of Adroit Infotech Limited, has entered into the Agreement in October 2023 with a leading Charging Solution provider based in USA having about 60 customers. The USA-based Company has also got customers within the USA and across the globe. The USA based company will make use of the expertise of Verso Altima to integrate its charging solution with SAP-BRIM software for its customers, in which, Verso has the expertise to integrate and implement the SAP-BRIM and to provide end to end Sales Process functionality. The target market is existing customers of the USA-based Company.
Agreement No - 2: Verso Altima Private Limited a wholly owned subsidiary owned by Adroit Infotech Limited., has entered into an Agreement in October 2023 with Fujitsu a leading SAP and IT solutions global provider, having its Head Quarters in Japan. Fujitsu is a globally renowned brand and is a Global IT solution provider in SAP and other software solutions. Verso Altima India Pvt Limited a wholly Owned subsidiary of Adroit Infotech Limited has signed an Exclusive agreement to implement SAP-BRIM implementations globally with Fujitsu.
Today, shares of Adroit Infotech Limited hit 5 per cent upper circuit to Rs 21.49 per share from its previous closing of Rs 20.47. The stock’s 52-week high is Rs 33.46 per share and its 52-week low of Rs 16.51. The shares of the company have an ROE of 28.2 per cent and an ROCE of 23.2 per cent.
The stock gave multibagger returns of 190 per cent in 3 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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