Back-to-back upper circuit: This multibagger IT stock reports 182 per cent jump in its revenue; hits fresh 52-week high!

The stock has gained more than 40 per cent in the last six months.

Shares of R S Software Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock is locked in upper circuit from past two days. In the last five trading sessions, the stock has gained about 12 per cent. On Thursday, the stock also made a fresh 52-week high at Rs 39.18.  

The company posted impressive Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 12.25 crore which grew by 182.6 per cent YoY. The operating profit of the company stood at Rs 2.52, while the PAT of the company stood at Rs 0.93 crore. In Q4FY22, the company incurred a loss while in Q4FY23 the company posted positive results and made a profit.

R S Software (India) Limited is predominantly engaged in software development, maintenance, testing, and software project management under client-server and web-based technologies. The company provides Real-Time Payments -RS Digital edge (API-based digital layer which can integrate seamlessly with underlying instant payment or faster payment), RS Intelliedge - Banks (Integrated fraud and risk management), etc.

Today, the stock opened at Rs 37.32, with a high and low of Rs 39.18 and Rs 36.00, respectively. Currently, the stock is trading at Rs 39.18, up by 4.99 per cent. The stock has shown tremendous growth, and investors should keep a close eye on this stock.