Multibagger penny stock under Rs 75 is in focus as the company acquires a 100 per cent stake in a BPO company in Latin America
From Rs 5.89 per share to Rs 71.20 per share, the stock gave multibagger returns of over 1,100 per cent in 3 years.
Today, shares of One Point One Solutions Limited gained 1.70 per cent to an intraday high of Rs 71.20 per share from its previous closing of Rs 70.01. The stock’s 52-week high is Rs 77.20 per share while its 52-week low is Rs 22.75. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 22.75 per share.
ONE POINT ONE SOLUTIONS LIMITED (OPOSL) has announced its intent to acquire a Latin American Contact Center Services provider. The company has signed a non-binding Term Sheet to purchase 100 per cent of the target company's shares, contingent upon successful legal and financial due diligence. This strategic move is expected to bolster OPOSL's Contact Center capabilities, expand its global footprint, and create synergies within the IT industry by combining the expertise of both companies. OPOSL is currently in the initial stages of the acquisition process and will provide further updates as developments occur.
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About the Company
One Point One Solutions, a full-service provider in business process outsourcing (BPO), knowledge process outsourcing (KPO), IT services, technology transformation, and analytics since 2006, offers comprehensive solutions across technology, accounting, skill development, and data analysis. In a major 2024 business expansion move, they acquired a significant stake in ITCube Solutions Pvt Ltd., a leading IT and BPM/KPO services company headquartered in both Pune, India and Cincinnati, Ohio, for Rs 84 crore. They have a strong presence across the USA, England, Netherlands, Germany, the Middle East, Southeast Asia, and Australia, serving a wide range of clients in various sectors.
According to Quarterly Results, the net sales increased by 37.6 per cent to Rs 53.29 crore and net profit increased by 125.8 per cent to Rs 6.66 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 21.4 per cent to Rs 175.16 crore and net profit increased by 145.5 per cent to Rs 21.38 crore in FY24 compared to FY23.
According to March 2024 shareholding, the promoters of the company bought over 5 per cent stake and increased their stake to 67.79 per cent compared to 62.67 per cent in December 2024. Additionally, BNP Paribas Financial Markets bought 9,86,663 shares at Rs 54.8 per share aggregating to Rs 5.41 crore in March 2024. BNP Paribas Financial Markets is owned by BNP Paribas Group. From Rs 5.89 per share to Rs 71.20 per share, the stock gave multibagger returns of over 1,100 per cent in 3 years. 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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