Stock under Rs 40: This software company's quarterly revenue grew by 182.6 per cent; do you hold it?

In the last two trading sessions stock has gained more than 35 per cent.

Shares of R S Software (India) Limited were locked in the upper circuit today, gaining 20 per cent in today’s trade. The stock also made a fresh 52-week high today at Rs 37.4. In the last two trading sessions stock has gained more than 35 per cent.    

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 12.25 crore which grew by 182.6 per cent YoY. The operating profit of the company stood at Rs 2.52, while the PAT of the company stood at Rs 0.93 crore. In Q4FY22, the company incurred a loss while in Q4FY23 the company posted positive results and made a profit.

R S Software (India) Limited is predominantly engaged in software development, maintenance, testing, and software project management under client-server and web-based technologies. The company provides Real-Time Payments -RS Digital edge (API-based digital layer which can integrate seamlessly with underlying instant payment or faster payment), RS Intelliedge - Banks (Integrated fraud and risk management), etc.

Today, the stock opened at Rs 34.70, with a high and low of Rs 37.44 and Rs 34, respectively. The stock closed trading at Rs 35.35, up by 13.30 per cent. The stock has a 52-week high of Rs 37.44 and a 52-week low of Rs 21.16. The company has a market capitalisation of Rs 90.2 crore.