Upper circuit alert & 8,700 per cent returns: This multibagger small-cap IT company delivered fantastic quarterly results, PAT gains about 40 per cent!

Shares of the company gained more than 120 per cent in the last six months.

Shares of Ksolves India Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last five years, the stock has gained more than 8,700 per cent.

Ksolves India Limited has reported strong results for the second quarter of FY24, with net profit growth of 39.15% to Rs 8.23 crore, operating profit growth of 38.97%, and total income growth of 40.43% to Rs 25.98 crore. The company has grown its client base, revenue, and headcount. It has also focused on generating revenue per employee and expanding its team and infrastructure.

Also read, The power of emergency funds: Why and how to build one

Ksolves India Limited has delivered multibagger returns to its shareholders in the last one year with an increase of about 150 per cent in a one-year holding period.

Ksolves India Limited, incorporated in 2014, is engaged in software development, enterprise solutions, consulting & providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom Healthcare etc. Ksolves curates & develops the best possible software solutions. It is servicing clients across several counties with 410+ in-house technology experts.

The stock has shown strong growth and investors should keep a close eye on this stock.

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