This scrip locks at 20 per cent upper circuit despite bloodbath on the bourses!

Compucom Software Ltd operates in the areas like e-governance projects, ICT education projects, software design & development, electronic media, wind power generation, etc.

It was a ‘bloodbath day’ on Dalal Street as the benchmark indicator Sensex slumped over 1,400 points while Nifty 50 fell 2.64 per cent, ending below the level of 15,800. The domestic markets witnessed selling pressure, which led to the erosion of nearly Rs 7 lakh crore of investors’ wealth in a single day.   

On the flip side, only buyers were seen in the case of Compucom Software Limited. The scrip has rallied 20 per cent and got locked in the upper circuit at Rs 23.40 per share on BSE. It witnessed a spurt in volume by more than 21.28 times. The stock has surged 57 per cent in just one year while over the period of six months, it was able to deliver 25 per cent returns to its shareholders.    

Recently, the company announced that it recorded net sales and other operating income of Rs 10.33 crore thereby, posting a growth of 95.05 per cent from Rs 5.29 crore registered in Q4FY21. On the other hand, the operating profit was recorded at Rs 4.57 crore in Q4FY22 as compared to an operating profit of Rs 2.75 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 1.92 crore in comparison with the net profit of Rs 1.47 crore in the same quarter of the previous year, surging 30.16 per cent. The company’s board recommended a final dividend of 20 per cent i.e. Re 0.40 per equity share of Rs 2 each for the financial year ended on March 31, 2022.  

Compucom Software Ltd operates in the areas like e-governance projects, ICT education projects, software design & development, electronic media, wind power generation, etc.  

Keep a close eye on this scrip for the upcoming sessions.