Penny Stock Under Rs 3 with Multibagger Returns of 250 Per Cent: Real Estate Development and Software Development Company's Board meeting Scheduled on April 24, 2025
The performance over the last six months reveals an even stronger increase of 51.11 per cent. Year-to-date, the stock has climbed by 68.60 per cent, and over the past year, it has seen a multibagger surge of 248.72 per cent.
Kretto Syscon Limited has announced that a meeting of its Board of Directors is scheduled to be held on April 24, 2025. The announcement was made to the Department of Corporate Services at BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001. The primary purpose of the board meeting is to consider and approve the audited standalone financial results of the company for the year that ended on March 31, 2025.
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The shares of the company are trading at Rs 2.04 per share with a market capitalisation of Rs 128 crore.
Incorporated in 1994, Kretto Syscon Ltd deals in real estate development and software development. The company operates in construction, Purchase, sale, resale and rent of residential and commercial properties. It also works in Software designing, development, dealing in computer software and solutions, providing or taking up Information technology-related assignments, networking and network management, data centre management and providing consultancy services. Developing, designing, distributing and dealing in Systems and application software for microprocessor-based information systems, offshore software development projects, Internet service providers and solutions in all areas of application including emerging niche segments like the Internet.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 1.82 crore. Since there is no revenue reported for December 2023, the YoY growth could not be calculated. The operating profit stood at Rs 1.32 crore compared to a loss of Rs 0.02 crore in the same quarter last year, showing a turnaround of the company. The profit after tax (PAT) was Rs 0.98 crore, up 3166.67 per cent from Rs 0.03 crore in December 2023.
In FY24, the net profit for the year stood at Rs 0.25 crore, up 31.58 per cent from Rs 0.19 crore in the previous financial year.
Over the past week, the stock has experienced a decrease of 5.12 per cent. The performance over the last six months reveals an even stronger increase of 51.11 per cent. Year-to-date, the stock has climbed by 68.60 per cent, and over the past year, it has seen a multibagger surge of 248.72 per cent.
Investors should keep an eye on this multibagger micro-cap penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.