900 per cent returns: This multibagger penny stock below Rs 5 zoomed more than 18 per cent in Friday’s session. Do you own it?

The net profit of the company jumped 46384.21 per cent from corresponding quarter last year

On Friday, shares of FCS Software Solutions zoomed more than 18 per cent to make an intraday high of Rs 2.65 apiece on BSE. The scrip witnessed a massive spurt in volume by more than 7.6 times.   

In Q3FY23, the net sales of the company surged more than 14 per cent from last year’s same quarter to Rs 9.21 crore. The EBTIDA level of the company shot up by more than 67 per cent from December 2021 quarter to Rs 2.50 crore. The net profit of the company jumped 46384.21 per cent from corresponding quarter last year to Rs 0.88 crore.   

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Established in 1993 and based in Noida, FCS Software Solutions is an IT company that offers a range of services such as IT consulting, IT infrastructure management, IT-enabled services and learning solutions. Additionally, the company also leases immovable properties, including IT infrastructural properties. The main promoter and chairman of the company is Dalip Kumar, who has around 34 years of experience in the IT industry.  

The stock has witnessed heavy buying as it has given multibagger returns of 900 per cent returns in just 3 years. Keep a close eye on this trending multibagger stock.