High ROE & High ROCE Stock: This micro-cap IT company to open offices in Gulf Co-Operation Council (GCC), Singapore and United Kingdom!

This stock was listed on the NSE on August 18, 2023, and has given its investors a return of 18.4 per cent in the 20 days since listing.

Yudiz Solutions Ltd informed that the Board of Directors of the Company at its meeting held on Friday, September 08, 2023, inter alia, has considered and approved, the following:

1. To open offices of the Company outside India in the areas of the Gulf Co-Operation Council (GCC), Singapore and United Kingdom

2. To open offices of the Company in Tier II cities of India

Incorporated in 2012, Yudiz Solutions Limited is engaged in the business of providing IT solutions and consultancy services. Yudiz Solutions Ltd (YSL) is a subsidiary of Ability Games Ltd. which is engaged in the business of online fantasy gaming and innovative gaming products.

The company has a market cap of over Rs 200 crore. According to the annual results, the net sales increased by 45.43 per cent to Rs 27.3 crore, operating profit increased by 176.5 per cent to Rs 6.09 crore and net profit increased by 271.6 per cent to Rs 2.75 crore in FY23 compared to FY22.

On Friday, shares of Yudiz Solutions plunged 0.77 per cent to Rs 200 per share with an intraday high of Rs 204 and an intraday low of Rs 196.35. The stock’s 52-week high is Rs 213.8 and its 52-week low is Rs 177.1.

This stock was listed on the NSE on August 18, 2023, and has given its investors a return of 18.4 per cent in the 20 days since listing. The shares of the company have an ROE of 31.7 per cent and a ROCE of 41 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.