Penny stock below Rs 50: This micro-cap company bags an order worth Rs 86,40,000 from Office of Chief Electoral Officer, Maharashtra!
Shares of the company gained more than 40 per cent in the last six months.
Atishay Ltd informed the exchange (BSE Scrip Code: 538713) that the company has received a work order worth Rs 86,40,000 from Office of Chief Electoral Officer, Maharashtra. The order includes the preparation of a photo electoral roll and data entry updating of state and district control tables.
Earlier, the company secured the tender for the PACS Digitalisation project in Madhya Pradesh. The company has received a work order for the computerisation of 4122 PACS (Primary Agricultural Credit Society) for a total value of Rs 42.95 crore.
On Friday, at the closing bell, shares of Atishay Ltd plunged 2.50 per cent to Rs 38.93 per share with an intraday high of Rs 40.95 and an intraday low of Rs 38.80. The stock has a 52-week high of Rs 46 and a 52-week low of Rs 25.
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.
Talking about the financials, Atishay has a market cap of Rs 42.75 crore. The company reported excellent numbers in both Quarterly Results and annual results. The net sales increased by 90 per cent to Rs 6.72 crore and the net profit skyrocketed by 130.55 per cent to Rs 0.11 crore in Q1FY24 compared to Q1FY23. The net sales increased by 8.66 per cent to Rs 21.46 crore and the net profit skyrocketed by 490 per cent to Rs 0.65 crore in FY23 compared to FY22.
As of June 2023, the company is almost debt-free, with the promoters owning 74.99 per cent of the shares and the general public owning the remaining 25.01 per cent. Shares of the company gained more than 40 per cent in the last six months. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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