Stock Under Rs 50: Microcap Company Bags Order Worth Rs 75,26,635 from Kotak Mahindra Life Insurance Company!
Incorporated in 2016, Globesecure Technologies Limited specializes in IT security products and related services. The company has received a work order from Kotak Mahindra Life Insurance Company Limited for the purchase of new routers. The order is valued at Rs 75,26,635 and is required to be executed immediately.
On Friday, the shares of Globesecure Technologies Limited were at around Rs 48.30 per share on the NSE. The company’s current market capitalization stands at Rs 76.99 crore.
As per the half-yearly results, in March 2024, Globesecure Technologies Limited recorded a revenue of Rs 13.83 crore compared to Rs 20.29 crore. The operating profit stood at Rs 1.12 crore. The net profit stood at Rs 0.80 crore compared to a profit of Rs 1.26 crore. Looking at the annual performance, the company generated a revenue of Rs 23.89 crore in FY24. The operating profit for FY24 was Rs 2.42 crore with a net profit of Rs 1.01 crore compared to a net profit of Rs 1.66 crore in FY23.
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GSTL is a digital transformation company specializing in cybersecurity. The company has executed cybersecurity transformation projects, infrastructure upgrades, and digital transformation initiatives for various institutions. Additionally, GSTL offers independent services including consultation, architecture, solution design, implementation, monitoring, and managed services.
According to the company's shareholding pattern, the promoters hold a significant 36.27 per cent stake while public investors own 63.73 per cent of the shares.
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Investors must keep this micro-cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.