This low-price micro-cap to conduct a security audit of NICSI; multibagger stock touched a 52-week high by gaining 11 per cent in a day!

This is a micro-cap company with a market capitalization of Rs 111 crore and currently trading at Rs 86.2.

This low-price micro-cap to conduct a security audit of NICSI; multibagger stock touched a 52-week high, gaining 11 per cent in a day.

AAA Technologies Limited has been appointed by the National Informatics Centre Services Incorporated (NICSI), Ministry of Electronics and Information Technology, to conduct Comprehensive Security Audits (CSA) of Critical Applications/Databases/Platforms hosted in non-Cloud Environment.

In today's day trading session, AAATECH, representing AAA Technologies Ltd, exhibited notable volatility. The stock opened at Rs 85.65, reached a high of Rs 94.35, and experienced a low of Rs 81.9. The current market price (CMP) stands at Rs 86.1, slightly above the previous close of Rs 84.85. The day's trading activity reflects a modest positive change of 1.47 per cent.

The sales figures for September 2023 showcase remarkable growth, surging to Rs 5.5 from Rs 3.39 in June 2023, marking an impressive 62.24 per cent quarter-on-quarter (QoQ) increase and an outstanding 50.27 per cent year-on-year (YoY) growth.

Net profit experienced a noteworthy upswing, rising from Rs 0.62 in June 2023 to Rs 1.03 in September 2023. This translates to a substantial 66.13 per cent QoQ growth, indicating an effective cost management strategy or improved revenue streams.

The operating profit for September 2023 reached Rs 1.36, demonstrating a robust 52.81 per cent QoQ growth from Rs 0.89 in June 2023. This, coupled with an 8.80 per cent YoY growth, suggests that the company is not only expanding its top-line but also efficiently managing its operational costs.

This is a micro-cap company with a market capitalization of Rs 111 crore and currently trading at Rs 86.2. This stock has generated multibagger returns of 197.24 per cent in last 3 years. The company has been maintaining a healthy dividend payout of 26 per cent. The company is almost debt-free.

About Company

AAA Technologies Ltd provides Information security auditing and Consulting.

About NICSI

National Informatics Centre Services Inc. (NICSI) was set up in 1995 as a section 25 Company under National Informatics Centre, Ministry of Communications & Information Technology, Government of India to provide total IT solutions to the Government organizations

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