Rs 50 multibagger penny stock: The BPO company secures a new client-win with Gurgaon-based startup to tap into the Government-backed open network for digital commerce!

From Rs 1.67 per share to Rs 49.60 per share, the stock gave multibagger returns of 2,870 per cent in 3 years.

One Point One Solutions Ltd, a leading business process management (BPM) company, has secured a new client, a prominent player in India's hyperlocal retail sector and one of the country's fastest-growing companies. This partnership will see One Point One Solutions providing the client with a range of customer support services, including phone, email, and chat functionalities. The operations will be managed from One Point One's Navi Mumbai delivery centre, ensuring a focus on personalized experiences and a smooth shopping journey for the client's customers.

This collaboration signifies One Point One's dedication to offering exceptional customer support solutions and expanding its service offerings. It also positions the company to capitalize on the potential of the government's Open Network for Digital Commerce (ONDC) initiative. The client, known for its innovative approach in the digital commerce space, has made a name for itself in the startup sector by prioritizing user engagement and creating a seamless shopping experience.

One Point One Solutions Ltd. streamlines businesses through diverse services like customer care, finance, sales, marketing, and IT, empowering clients like Baroda AMC, Jaquar, Edelweiss Tokio Life, and Tata SME to maximise efficiency and results. The company is optimistic about its future growth, having recently welcomed prominent clients like Tata ONDC and VLCC and expecting to finalise several more contracts in the coming quarter. Additionally, strategic marketing initiatives and a dedicated sales team are driving increased brand visibility and engagement in the US market, solidifying the company's position within the evolving BPM industry.

The company's financial performance in Quarterly Results (Q3FY24) was impressive, with both income and profitability metrics demonstrating significant growth. Total income increased by 18.5 per cent to Rs 42.11 crore, EBITDA grew by 84.5 per cent to Rs 15.08 crore, and net profit surged by 2.8 times to Rs 5.97 crore. This strong performance was reflected in the EBITDA margin expanding to 35.8 per cent from 23 per cent and EPS jumping by 162.8 per cent to Rs 0.30 per share.

The company's financial performance for the first nine months of FY24 was strong, with all key metrics showing significant growth compared to the same period in FY23. Total income grew by 15.5 per cent to Rs 121.86 crore, EBITDA by 62 per cent to Rs 41.23 crore, EBITDA margin by 9.7 percentage points to 33.8 per cent, net profit by 152 per cent to Rs 14.72 crore, and EPS by 141.6 per cent to Rs 0.75 per share.

After rising nearly 287 per cent from its 52-week low of Rs 14.90 per share, shares of One Point One Solutions Limited are undergoing a correction and have hit the lower circuit for the sixth straight day. Today, shares of One Point One Solutions Limited plunged 5 per cent to Rs 49.60 per share from its previous closing of Rs 52.20. The 52-week high of the stock is Rs 70 and the 52-week low of Rs 14.90.

From Rs 1.67 per share to Rs 49.60 per share, the stock gave multibagger returns of 2,870 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.