Upper circuit stock: Xelpmoc Design jumps more than 490 per cent in 6 months

Every year, there are several stocks that surprise investors on the upside. Xelpmoc Design is one such outperforming stock that has turned into a multi-bagger in 2020. The stock is a micro-cap, which is up by almost 376 per cent since its listing on the bourses. On a YTD basis, the stock is up by 360.95 per cent while in six months, the stock has gained by 490.42 per cent. 

The company has a unique business model and has corporates, government, and start-ups as its clients.  

Xelpmoc Design & Tech Limited (Xelp), an end-to-end professional & technology service provider, was founded in 2015. The main focus of the company is product development, data science, and analytics while the company's core competencies are building next-generation technology in artificial intelligence & machine learning space, with a keen interest in natural language processing & data analytics. 

The company boasts of its three major products - XPand, X-Tact, and Claire.ai.

Claire.ai as a product allows businesses to process a diverse set of document types across multiple languages while doing the work of extracting information, performing analysis of the text at scale, identifying key insights and integrating outputs to any communication platform viz Slack, Whatsapp, Email, etc.

X-Pand is an intelligence tool that attempts to combine the internal sales and customer data with the relevant external data, which helps corporate finalise their marketing strategies. 

X-Tact as a product attempts to help political parties to understand the sentiment on the ground level. 

With the help of these products, the company aims to solve the complex problems of its clients with the help of data science and technology. 

The positive results in the recent quarter were impacted by the company reporting a 255 per cent jump in net profits with improving margins, compared to the previous quarter.