Back-to-back lower circuits: Multibagger IT-software company bags new order worth Rs 3,02,00,000 from Government of Odisha
The stock gave multibagger returns of 342 per cent in just 1 year and a whopping 1,350 per cent in 10 years.
Atishay Limited has secured a significant contract from the State Health Assurance Society, Odisha, to print and deliver PVC Ayushman/AB PMJAY-GJAY Cobranded Cards across 10 districts within the state. This project, awarded by a domestic entity, aligns with Atishay Limited's core business objectives and emphasizes their expertise in delivering high-quality services. The contract, valued at Rs 3.02 crore (inclusive of GST), requires the company to complete the project within 180 days, adhering to the guidelines set by the National Health Authority (NHA).
This contract win signifies a major achievement for Atishay Limited, demonstrating their capabilities and commitment to excellence. The successful execution of this project, which involves printing and delivering the co-branded cards to designated Nodal Officers in accordance with NHA guidelines, is expected to enhance the company's reputation and open doors for future growth opportunities.
About the Company
Incorporated in 1989, Atishay Ltd is an IT consultancy and Services company that offers services of data management, software development, E-Governance, retail fintech, and the implementation of turnkey IT solutions. The company has a market cap of Rs 228.36 crore.
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Quarterly Results: The net sales increased by 78 per cent to Rs 13.01 crore, operating profit increased by 49 per cent to Rs 2.07 crore and net profit increased by 41 per cent to Rs 1.45 crore in Q2FY25 compared to Q2FY24.
Annual Results: The net sales increased by 106 per cent to Rs 43.26 crore, operating profit increased by 245 per cent to Rs 9.63 crore and net profit increased by 756 per cent to Rs 5.55 crore in FY24 compared to FY23.
On Friday, shares of Atishay Ltd plunged 2 per cent lower circuit to Rs 207.95 per share from its previous closing of Rs 212.15 per share. The stock’s 52-week high is Rs 249.90 per share and its 52-week low is Rs 45.76 per share. In the recent trading sessions, the stock has been hitting back-to-back lower circuits. The stock gave multibagger returns of 342 per cent in just 1 year and a whopping 1,350 per cent in 10 years. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.