SME stock below Rs 10: Stock approaching near its 52-week high; has a marquee name from the banking sector as its client!

Quadpro ITeS Limited: Penny Stock Surge - A Closer Look at the SME Powerhouse touched its Upper Circuit during intraday.

Quadpro, a company headquartered in Bangalore, specializes in delivering banking back-end processing solutions and Check Truncation System (CTS) solutions to a consortium of banks in South India, demonstrating outstanding expertise in these domains.

This is a Small Medium Enterprise company listed exclusively on the National Stock Exchange. On Tuesday, the share price of Quadpro touched its upper circuit during intraday session, showing a high level of buyer interest. The current share price of the stock is below Rs. 10, signifying it as a penny stock. Since it's in the SME category, it's traded in lots, with a lot size of 12,000 units on the NSE. The last traded price of this share on Tuesday was Rs. 6.85.

Speaking of the company's fundamentals, the promoter's stake is 72.11 per cent, while the remaining 27.89 per cent is held by the public.

In a recent trading session, a total of 300,000 shares were exchanged, with a corresponding traded value of Rs. 20.13 lakhs. The overall market capitalization stood at Rs. 3,462.68 lakhs, while the free float market capitalization, representing the portion of the company's shares available for public trading, amounted to Rs. 969.55 lakhs. These figures provide a snapshot of the trading activity.

The company boasts a roster of very reputable clients, including Citi Bank, Deutsche Bank, Standard Chartered, ICICI Bank, HDFC Bank, Yes Bank, Kotak Mahindra Bank, RBL Bank, IDFC First Bank, Federal Bank, Bank of Baroda, HCL, and many more.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.