Multibagger stock hit upper circuit & 52-week high after company bagged order worth Rs 1,93,00,000 from Director of Cooperation, Himachal Pradesh
The stock gave multibagger returns of 440 per cent in just 1 year and a whooping 650 per cent in 3 years.
Atishay Limited has been awarded a substantial work order from the Director of Cooperation, Himachal Pradesh, for the Computerization of Agriculture and Rural Development Banks (ARDBs). This project aims to digitally transform State Cooperative Agriculture and Rural Development Banks (SCARDBs), Primary Cooperative Agricultural and Rural Development Banks (PCARDBs), and their branches across all districts of Himachal Pradesh. The primary goal is to enhance financial accessibility and operational efficiency within the region.
Valued at Rs 1.93 crore, this new work order signifies a significant milestone for Atishay Limited, expanding its expertise and market presence in the digitization of financial services for agriculture and rural development. Building upon the success of previous PACS digitization initiatives in Himachal Pradesh and Madhya Pradesh, Atishay Limited solidifies its position as a trusted provider of rural banking technology solutions. The company's past achievements in similar projects have been instrumental in securing this new mandate, underscoring its commitment to impactful technology integration and sustainable growth. This project is expected to positively influence the company's financial performance, contributing to revenue and profitability growth. Atishay Limited expresses gratitude for the trust and support of its shareholders and stakeholders, and remains dedicated to delivering on this new project and advancing digital solutions within the agricultural financial services sector.
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About the Company
Incorporated in 1989, Atishay Ltd is an IT consultancy and Services company that offers services of data management, software development, E-Governance, retail fintech, and the implementation of turnkey IT solutions. The company has a market cap of Rs 232 crore.
Quarterly Results: The net sales increased by 78 per cent to Rs 13.01 crore, operating profit increased by 49 per cent to Rs 2.07 crore and net profit increased by 41 per cent to Rs 1.45 crore in Q2FY25 compared to Q2FY24.
Annual Results: The net sales increased by 106 per cent to Rs 43.26 crore, operating profit increased by 245 per cent to Rs 9.63 crore and net profit increased by 756 per cent to Rs 5.55 crore in FY24 compared to FY23.
On Wednesday, shares of Atishay Ltd hit a 5 per cent upper circuit to Rs 211.35 per share from its previous closing of Rs 201.30. The stock also made a new 52-week high is Rs 211.35 and its 52-week low is Rs 39. The stock gave multibagger returns of 440 per cent in just 1 year and a whooping 650 per cent in 3 years. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.