Multibagger Small-Cap Company Secures Rs 8.47 Crore Order for Supply of 4G or Higher Smartphones – Stock Hits Upper Circuit Today
The company’s shares have delivered an impressive return of over 110 per cent in just 6 months only.
Esconet Technologies Limited informed that the company has received a new order from an Indian entity for the supply of 4G or higher smartphones, with a total contract value of Rs. 8.47 crore. The order is to be executed with delivery within 4-6 weeks.
Esconet Technologies Limited a Small-Cap company specializes in providing high-end supercomputing solutions and data center facilities, offering a comprehensive range of services including storage servers, network security, virtualization, and data protection. The company's portfolio includes servers and graphics workstations, data storage solutions, virtualization software, backup and disaster recovery solutions, data center and access networks, advanced software-defined networks, network security tools, email communication systems, high-availability databases, log management, and analytics software.
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Today the company's shares rallied and hit the upper circuit. Finally, the shares of Esconet Technologies Limited closed at around Rs 502.95 per share. The company’s current market capitalization stands at Rs 621.65 crore. The stock has delivered a return of over 110 per cent in just 6 months.
The company doesn’t announce Quarterly Results and as per the half-yearly results, in March 2024, Esconet Technologies Limited recorded a revenue of Rs 66 crore. The operating profit for the period stood at Rs 4 crore. The net profit stood at Rs 2 crore. Looking at the annual performance, the company generated a revenue of Rs 137 crore in FY24, compared to Rs 95 crore in FY23. The operating profit for FY24 was Rs 10 crore with a net profit of Rs 5 crore.
According to the shareholding pattern, promoters own 61.30 per cent, and public investors own 38.58 per cent. FIIs and DIIs own 0.05 per cent and 0.07 per cent stakes in the company.
Disclaimer: The article is for informational purposes only and not investment advice.