Promoter Bought 14,06,361 Shares, Heavy Buying Penny Stock Under Rs 25: SAP Support Services Provider Rallies Over 15 Per cent Today After Announcing Stellar Results
The company’s shares have delivered over 50 per cent return of to its shareholders in the past 1 year.
Incorporated in 1990, Adroit Infotech Ltd a micro-cap company primarily provides SAP Support Services, helping organizations reduce costs and enhance effectiveness and efficiency through internal process improvements using SAP products and solutions.
Today, the company's shares rallied over 15 per cent in the morning trading session on the BSE, accompanied by a significant volume surge, following the announcement of profits compared to a previous loss.
Financial Performance
As per the Quarterly Results in September 2024, Adroit Infotech Ltd recorded a revenue of Rs 7.07 crore compared to Rs 4.14 crore representing a growth of 71 per cent YoY. The operating profit reported by the company was Rs 0.83 crore while the margin stood at around 11.74 per cent against a loss same quarter last year. The net profit stood at Rs 0.45 crore compared to a loss of Rs 0.72 crore.
Looking at the annual performance, the company generated a revenue of Rs 24.86 crore in FY24. The operating profit for FY24 was Rs 4.75 crore with a net profit of Rs 3 crore.
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Share Performance
Looking at the share performance, at the start of the day's trading session, shares of Adroit Infotech Ltd opened at Rs 21.30 per share, compared to the previous day's closing price of Rs 20.22 per share on the BSE. Currently, the shares are at around Rs 23.65 per share. The company's current market capitalization stands at Rs 135.44 crore. Additionally, the company’s shares have delivered over 50 per cent return in the past 1 year.
In the September quarter, the company’s promoters have increased their shareholding in the company by purchasing an additional 2.46 per cent or 14,06,361 Shares.
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Investors must keep this penny stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.