Penny Stock Under 15: Company Bags Order Worth Rs 1,96,80,000 from BSNL; Stock Hits Upper Circuit Today!

The company’s shares have delivered a return of over 40 per cent in the past 1 year.

Incorporated in 1994, Mudunuru Ltd specializes in providing software services across various sectors. Their offerings include application development utilizing advanced biometric recognition technologies such as face, finger, and iris recognition. They also provide IoT solutions that integrate devices with enterprise systems, along with comprehensive cyber security services for businesses.

The company has secured a contract from Bharat Sanchar Nigam Limited to deliver a software service aggregating solution to Indian Bank for an initial period of 2 years, extendable by another 3 years. The contract is valued at approximately Rs 1,96,80,000 for the initial 2-year period.

Today, the shares closed at Rs 10.62 per share on the BSE. The current market capitalisation of Mudunuru Ltd stands at Rs 33.13 crore, and the stock has generated a return of around 41 per cent in the past 2 years. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Mudunuru Ltd recorded a revenue of Rs 0.01 crore. The operating loss for Q4 FY24 stood at Rs 1.25 crore. The net loss for Q4 FY24 was Rs 1.28 crore. Looking at the annual performance, the company generated a revenue of Rs 2.90 crore in FY24, compared to Rs 2.18 crore in FY23. The operating loss for FY24 was Rs 2.70 crore, with a net loss of Rs 3.16 crore.

Regarding the shareholding pattern, the promoters own 51.50 per cent of the company and the public or retail investors hold 48.50 per cent.

The company is actively involved in smart city initiatives and excels in big data analytics and blockchain technologies. Additionally, they offer data center cloud services, business process outsourcing (BPO), knowledge process outsourcing (KPO), and a range of ICT products and solutions. The company operates within distinct business segments including Fintech, IDTech, EdTech, SmartCityTech, and Research & Development, demonstrating their commitment to innovation and specialized expertise in diverse technological domains.

Investors must keep this micro-cap stock on their radar.

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