Shankar Sharma bought 1,48,800 of this multibagger fintech stock; scrip trades at high ROE and high ROCE

The stock is down 6 per cent from its 52-week high of Rs 172.40 per share while it gave multibagger returns of 105.5 per cent from its 520-week low of Rs 78.60 per share.

Today, overall the stock market ended the day in green with the BSE Sensex Index and the NSE Nifty-50 Index gaining over 0.50 per cent each. Along with the market in green, one multibagger fintech stock hit a 10 per cent upper circuit to Rs 170.50 per share from its previous closing of Rs 155. At the closing bell, shares of the company were trading at Rs 161.60 per share, up 4.19 per cent. The stock is down 6 per cent from its 52-week high of Rs 172.40 per share while it gave multibagger returns of 105.5 per cent from its 520-week low of Rs 78.60 per share.

The trending stock name is MOS Utility Ltd.  

MOS Utility Ltd, a fintech company founded in 2009, offers a platform for agents to provide various services like money transfers, bill payments, travel bookings, insurance, entertainment, and more, through a network of distributors reaching millions of households across India.

Recently, an ace investor, Shankar Sharma bought 1,48,800 of this multibagger fintech stock via a bulk deal on NSE at Rs 151 per share aggregating to Rs 23,06,400 (93-lots). The stock falls under the SME segment on NSE with a lot size of 1,600 shares. As of today’s closing, the price per lot is worth Rs 2,58,560.

The company has a market cap of over Rs 400 crore with Rs 2.13 crore debt. The company also reported amazing numbers in its half-yearly results (H1FY24) and annual results (FY23). The shares of the company have a PE of 41.5x, an ROE of 27 per cent and an ROCE of 27 per cent.

According to the shareholding pattern as of September 2023, the promoters own the majority of the stake (64.67 per cent), while FIIs own 4.73 per cent, DIIs own 2.68 per cent and the rest of the stake is owned by the public shareholders i.e., 27.92 per cent. The peers of MOS Utility Ltd are FSN E-Commerce Ventures Ltd, MSTC Ltd, Creative Newtech Ltd, Vasa Denticity Ltd, Macfos Ltd, Nureca Ltd, etc.

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