Multibagger penny stock under Rs 55 and promoters & FIIs increase stake: Company secures a new client-win with a new-age medical device company based out of Florida

The stock gave multibagger returns of 160 per cent from its 52-week low of Rs 20.35 per share.

One Point One Solutions Limited, a leading provider in technology-enabled business process management (BPM) services, announced that it has secured a strategic client win with a pioneering medical device company based in Tampa, Florida. The brand specializes in home electrical stimulation devices, bracing, and accessories for pain management and physical rehabilitation.

The company is a leading designer, manufacturer, and provider of non-invasive medical devices used to control pain and muscle rehabilitation. The brand is a privately held company located in Tampa, Florida and has been providing assistance to hundreds of thousands of people throughout the United States & improving overall quality of life. The brand is accredited by the Joint Commission (JCAHO) and is a Medicare Participating Provider, continuing to set industry standards in medical device innovation and patient care.

SCOPE OF BUSINESS

In response to the growing demand for its innovative products and services, the brand has partnered with One Point One Solutions to provide comprehensive contact centre services and leverage its strong capabilities for accounts receivables. Specialists will interact with insurance companies via the portal and over the telephone to secure payment on receivables. Under the terms of the agreement, One Point One Solutions will commence with a range of services like collecting outstanding balances by reviewing incoming correspondence and ageing reports, interacting with insurance carrier companies over the telephone, portal, and/or email to resolve issues on accounts, forwarding accounts for adjustments/write-offs and inactivation with appropriate supporting documentation, placing accounts on hold under information received to avoid any future loss among others as required.

Today, shares of One Point One Solutions Limited gained 2.80 per cent to Rs 53.40 per share from its previous closing of Rs 51.95. The stock gave multibagger returns of 160 per cent from its 52-week low of Rs 20.35 per share.

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One Point One Solutions is a full-stack player in BPO, KPO, IT Services, Technology & Transformation and Analytics. The company was incorporated in the year 2006 and offers comprehensive solutions in technology, accounting, skill development and analysis. In 2024, the company acquired a major stake in ITCube Solutions Pvt Ltd., which is an IT + BPM/KPO services company; headquartered in Pune and Cincinnati, Ohio for Rs 84 crore being one of the major business expansion. ITCube is a leading provider of technology solutions specialising in intellectual property protection, AI-driven automation, and business process optimisation. With over two decades of experience, ITCube has a robust presence in the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia serving clients across sectors.

According to Quarterly Results, the net sales increased by 37.6 per cent to Rs 53.29 crore, EBITDA increased by 33.2 per cent to Rs 15.53 crore and net profit increased by 125.8 per cent to Rs 6.66 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 21.4 per cent to Rs 175.16 crore, EBITDA increased by 53 per cent to Rs 56.76 crore and net profit increased by 145.5 per cent to Rs 21.38 crore in FY24 compared to FY23. The EPS for FY24 stood at Rs 1.06.   

According to March 2024 shareholding, the promoters of the company bought over 5 per cent stake and increased their stake to 67.79 per cent compared to 62.67 per cent in December 2024. Additionally, BNP Paribas Financial Markets bought 9,86,663 shares at Rs 54.8 per share aggregating to Rs 5.41 crore in March 2024. BNP Paribas Financial Markets is owned by BNP Paribas Group. From Rs 2.87 per share to Rs 53.40 per share, the stock gave multibagger returns of 1,760 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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