Penny stock under Rs 60: This micro-cap company bags new worth Rs 4,12,00,000 from Punjab National Bank!

The stock is up by 44 per cent from its 52-week low of Rs 42.05 per share.

AAA Technologies Limited informed that the company have received an order from Punjab National Bank for conducting a cyber security audit etc. The order is worth Rs 4,12,00,000 or Rs 4.12 crore.

Incorporated in 2000, AAA Technologies Ltd is an information technology and cyber security auditing & consulting company offering a platform to help organizations identify issues of corporate governance of the information system and execute security controls.

The company has a market cap of Rs 75 crore and has been maintaining a healthy dividend payout of 26 per cent. According to the Quarterly Results and annual results, the company reported amazing numbers. Additionally, the company is also debt free. In Q1FY24, the net sales increased by 13 per cent to Rs 3.39 crore and net profit increased by 82 per cent to Rs 0.62 crore compared to Q1FY23.

Today, shares of AAA Technologies Ltd gained 0.07 per cent to Rs 58.35 per share with an intraday high of Rs 60.50 and an intraday low of Rs 58. The shares of the company saw a spurt in volume by more than 5 times on BSE with 8,729 total quantity traded.

The promoters of the company own 71.51 per cent of the shares, while the public owns the remaining 28.49 per cent of the shares. As of June 2023, there were 1,874 shareholders in total. The stock is up by 44 per cent from its 52-week low of Rs 42.05 per share. Investors should keep an eye on this micro-cap stock.

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