Multibagger IT stock hits 52-week high: Company Empanelled as Security Auditor for two Banks, Maintains 20 per cent Dividend Payout
The stock’s 52-week high is Rs 160.85 per share while its 52-week low is Rs 56.05 per share, gaining multibagger returns of 133 per cent in just a year.
The stock of AAA Technologies retreated after hitting a 52-week high of 160.85 on Thursday due to the exchange filing information that AAA Technologies Limited has been empanelled as IT/Cyber Security Auditors for a period of three years by Karnataka Gramin Bank and Kerala Gramin Bank.
Earlier, AAA Technologies Limited was appointed by Punjab & Sind Bank to conduct an Information Systems Audit for the financial year 2024-2025 and the company declared final dividend of Rs 0.50 per Equity Share on the face value of Rs 10 each on the equity shares of the Company for the financial year 2023-24.
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According to Quarterly Results, the net sales increased by 5.30 per cent to Rs 3.57 crore in Q1FY25 compared to Rs 3.39 crore in Q1FY24. The company reported a net profit of Rs 0.63 crore in Q1FY25 compared to a net profit of Rs 0.48 crore in Q1FY24, an increase of 31.25 per cent.
AAA Technologies Ltd. is an information technology security auditing company, which engages in the provision of management consulting services. It offers services in the area of information systems audit, information security, cyber security, IT assurance & compliance, and IT governance. The company was founded on October 3, 2000 and is headquartered in Mumbai, India.
The company has a market cap of Rs 184.77 crore and it's completed debt-free as of March 2024. The stock has given more than 133 per cent multibagger returns in the last one year. The company has been maintaining a healthy dividend payout of 20.2 per cent
Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.