Low PE Stock Under Rs 100 In Green as This EdTech IT Company Announces 3 Major Updates; Complete Details Inside
The shares of the company have a PE of 8x, an ROE of 14 per cent and an ROCE of 15 per cent.
On Thursday, shares of Quicktouch Technologies Limited gained 0.61 per cent to Rs 90 per share from its previous closing of Rs 89.45 per share. The stock’s 52-week high is Rs 256.95 per share and its 52-week low is Rs 83.15 per share.
Update 1: Quicktouch Technologies Limited has acquired Techquench Private Limited, a company specializing in IT services and EdTech solutions, expanding its reach in the market. This acquisition will allow Quicktouch to enhance its product offerings, particularly in the EdTech sector, by integrating Techquench's expertise in ERP systems, LMS, STEM labs, and psychometric analysis.
Techquench's focus on STEM education aligns perfectly with Quicktouch's strategic vision. This acquisition will enable Quicktouch to expand its STEM lab initiatives across the country, providing high-quality education infrastructure and empowering students with essential skills for the 21st century. This strategic move positions Quicktouch as a key player in the growing demand for STEM education in India.
Update 2: Quicktouch Technologies Limited has successfully acquired Vidyahub Private Limited, a leading institution specializing in competitive exam preparation. Vidyahub, with its strong presence across three locations and a team of highly qualified educators, offers a wide range of courses including Foundation, NEET, JEE, and more.
This acquisition will enable Quicktouch to expand Vidyahub's operations to four new locations, reaching more students with high-quality education. By integrating Quicktouch's technological expertise, the company aims to enhance the student learning experience through innovative, digital-first approaches. This strategic move reinforces Quicktouch's commitment to advancing educational opportunities and shaping the future of academic success.
Update 3: Quicktouch Technologies FZCO, a wholly-owned subsidiary of Quicktouch Technologies Limited, was incorporated in the Dubai Airport Free Zone Authority (DAFZA). This strategic move allows Quicktouch Technologies Limited to expand its operations in the Middle East by establishing a separate legal entity operating within the IT Services, EdTech, and trading sectors.
By incorporating Quicktouch Technologies FZCO, Quicktouch Technologies Limited aims to enhance its market penetration and operational efficiency in the Middle East. This subsidiary will provide greater operational flexibility, improved compliance with local regulations, and enhanced access to regional business opportunities. The initial investment in Quicktouch Technologies FZCO will be up to 50,000 AED in the form of equity shares and/or shareholders' loans.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
About the Company
Incorporated in 2013, Quicktouch Technologies Limited is an information technology company. The company is in the business of software IT solutions and consulting services, IT product/software development & software commercial training and web designing.
The company has a market cap of Rs 57 crore and reported positive numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY25). According to quarterly results, the company reported a total income of Rs 25.08 crore and a net profit of Rs 2.06 crore in Q2FY25. In its half-yearly results, the total income increased by 44 per cent to Rs 67.49 crore and net profit increased by 5 per cent to Rs 3.58 crore in H1FY25 compared to H1FY24.
The shares of the company have a PE of 8x, an ROE of 14 per cent and an ROCE of 15 per cent. The stock is up by 8.23 per cent from its 52-week low of Rs 88 per share.
Disclaimer: The article is for informational purposes only and not investment advice.