From Rs 2 to Rs 79 this stock surged by 3,850 per cent, heavy buying witnessed, and hit the upper circuit, do you own it?
Shares of the company have generated 48 per cent within a month.
The shares of One Global Service Provider Limited witnessed a significant surge on Friday. The stock commenced trading at Rs 43.78, 9.5 per cent up from the previous day's closing price of Rs 39.99. During the intraday session, the stock exhibited a remarkable 19.98 per cent surge accompanied by a significant trading volume. Finally, the stock concluded the day at Rs 47.98, 19.98 per cent up from the previous day’s closing price.
Also, read: This company bagged order worth Rs 8,398 crore
One Global Service Provider Ltd was established in 1992, and it operates in the healthcare services and related sectors.
Upon scrutinizing today's share volumes, it becomes apparent that there has been a substantial increase of over 4.8 times in trading volumes compared to its average volumes on the BSE.
The stock's 52-week high and low are Rs 48.85 and Rs 27.10, respectively. Possessing a market capitalization of a mere Rs 34.09 crore, the stock has showcased outstanding performance in recent periods, yielding a 47 per cent return in a week and multibagger return of 2100 per cent in the last three years.
Financial Performance
In the June quarter of FY24, the company's revenue from operations experienced a significant increase of 499 per cent YoY, going from Rs 2.09 crore to Rs 12.52 crore. The operating profit of the company increased from Rs 0.19 crore to Rs 1.36 crore, and on a sequential basis, it increased from Rs 0.51 crore to Rs 1.36 crore. The operating profit margin stood at 11 per cent.
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Meanwhile, the net profit of the company amounts to Rs 0.98 crore, against a profit of Rs 0.44 crore in the last March quarter of FY23.
The company's return on capital employed (ROCE) and return on equity (ROE) is at 19.7 per cent and 20.9 per cent, respectively. The book value of the company is Rs 10.3, which means the stock is trading at a price-to-book value of 4.8 times in the market, whereas the price-to-earnings ratio is 15.3 times.
Disclaimer: This article is for informational purposes only and not investment advice.