3 Orders in Just 1 Day: This Microcap Company Bags Orders Worth Rs 4,00,00,000 from Wysetek Systems Technologists; Must Watch!
The company’s shares have delivered an impressive return of around 40 per cent in just 1 month only.
Slone Infosystems Limited, an Indian company established in December 2022, specializes in providing IT hardware solutions. The company sells and rents a range of IT equipment, including laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, such as managing cloud servers and servicing IT equipment.
Today, Slone Infosystems Limited secured three orders from Wysetek Systems Technologists Private Limited, Mumbai, for the implementation and installation service of Radware, with a total consideration of Rs 4 crore plus GST. These orders include two purchase orders dated July 22, 2024, which are to be executed by July 30, 2024, and one purchase order dated July 23, 2024, which is to be executed by August 1, 2024.
Slone Infosystems Limited shares are trading at around Rs 155 per share. The company’s current market capitalization stands at Rs 81.67 crore. The stock has delivered a return of around 40 per cent in just 1 month.
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As per the Quarterly Results, in the fourth quarter of FY24, Slone Infosystems Limited recorded a revenue of Rs 40.45 crore. The operating profit for Q4 FY24 stood at Rs 3.30 crore. The net profit for Q4 FY24 was Rs 2.06 crore. Looking at the annual performance, the company generated a revenue of Rs 60.69 crore in FY24, compared to Rs 30.22 crore in FY23. The operating profit for FY24 was Rs 6.49 crore with a net profit of Rs 4.19 crore.
According to the shareholding pattern, promoters own 73.01 per cent, and public investors own a 26.48 per cent. FIIs and DIIs own 0.46 per cent and 0.06 per cent stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.