Penny stock at Rs 21: This IT consulting company enters into nonbinding SPA to acquire 100 per cent stake in US-Based ERP solutions company!
The company's shares have an ROE of 28.2 per cent and an ROCE of 23.2 per cent.
Today, shares of Adroit Infotech Ltd hit a 5 per cent upper circuit to Rs 21 per share from its previous closing of Rs 20. The stock’s 52-week high is Rs 23.29 and its 52-week low is Rs 11.49. The shares of the company saw a spurt in volume by more than 3 times on BSE.
Adroit Infotech Ltd, a publicly traded IT consulting company in India specializing in enterprise resource planning (ERP) solutions, has signed a non-binding agreement to acquire a 100 per cent stake in a US-based ERP company. This acquisition is part of Adroit's inorganic growth strategy to expand its North American presence and service offerings. By acquiring the US company, Adroit expects to significantly increase its consolidated revenue, broaden its client base in the medium and large industries segment across the US and Canada, and offer a wider range of ERP solutions including both SAP, which Adroit already specializes in, and Oracle solutions offered by the US company. This acquisition aligns with Adroit's long-term goal of becoming a sustainable organization that stays relevant to its client's needs while delivering profitable growth for its investors.
Earlier, the company secured a significant 1-year contract worth Rs 2 crore from BIZNET (PT Supra Primatama Nusantara, Jakarta) to provide managed services for their SAP BRIM application. This project highlights Adroit's ability to deliver comprehensive technical and functional SAP support, both onsite and offshore. The SAP BRIM application's focus on dynamic billing environments makes Adroit's expertise particularly valuable for BIZNET, especially considering the real-time billing needs of the telecommunications sector. This win not only expands Adroit's reach in the international market but also reinforces its leadership in SAP consulting.
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Adroit Infotech Limited, based in Hyderabad, India, is a leading provider of SAP consulting services with nearly two decades of experience in the field. The company specializes in helping organizations optimize their internal processes through innovative SAP solutions. Adroit offers a wide range of services including process analysis, implementation, rollouts, ongoing support, maintenance, and upgrades. With a strong team of consultants experienced in both domestic and international projects, Adroit Infotech is recognized for its commitment to enhancing the effectiveness and efficiency of its client's operations, ensuring a high return on investment in SAP technologies.
The company's shares have an ROE of 28.2 per cent and an ROCE of 23.2 per cent. The stock is up by 83 per cent from its 52-week low of Rs 11.49 per share and multibagger returns of 248 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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