Share At Rs 101: This IT Company Secures Another Order Worth Rs 2,87,00,000 After Acquiring Largest-Ever Order Worth Rs 11,81,00,000 in Its 24-Year History!

The shares of the company have delivered a return of around 14 per cent to its shareholders.

This micro-cap company has secured another contract worth Rs 2,87,00,000 after acquiring a landmark order of Rs 11,81,00,000. The earlier contract marks the largest order in the company’s 24-year history, showcasing the remarkable trust clients have placed in the company.

Slone Infosystems Limited has secured an order for 500 Lenovo L14 Laptops from JBA Infosolutions Private Limited, Mumbai, for a total consideration of Rs 2.87 Crores plus GST. The order is to be executed immediately and is on a sale basis.

Earlier on June 6, it secured a significant order valued at Rs 11.81 crore. The order encompasses the supply of 5000 Lenovo V14 G3 Laptops and comes from three esteemed Mumbai-based companies. Silicon Rental Solutions Limited initiated the order with a request for 3,000 units on June 3, 2024, followed by Beehive Tech Solutions Private Limited's order for 500 laptops and Comprint Tech-Solutions (I) Private Limited's request for 1,500 laptops, all on June 5, 2024.

Share Performance:

On Friday, the company's stock closed at around Rs 91.5 per share, with a market capitalization of Rs 48.2 crore. The stock has delivered a return of around 28 per cent compared to its final IPO issue price of Rs 79 each.

According to the Quarterly Results, in Q4 FY24, the company reported a revenue of Rs 40.45 crore and a net profit of Rs 2.06 crore. In FY24, the company reported a revenue of Rs 60.69 crore compared to Rs 30.22 crore and a net profit of Rs 4.19 crore, compared to a profit of Rs 0.75 crore in the previous year.

Investors must keep this stock on their radar.

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