Rs 18,50,00,000 order book: FIIs-backed micro-cap stock in green after it signs MoU with Nirma University – know more here!
The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent.
In a landmark partnership, leading tech firm Yudiz Solutions, known for its expertise in gaming, blockchain apps, and AI/ML, has joined forces with renowned Nirma University, a champion of academic excellence and cutting-edge research. This MoU bridges the gap between industry and academia, paving the way for collaborative projects, knowledge sharing and a shared vision of harnessing technology for educational breakthroughs.
With the MoU, Yudiz Solutions seeks to align its expertise with rapid advancements in academia. The collaboration focuses on key areas such as Big Data Analytics, Artificial Intelligence, Blockchain, Cyber Security, Embedded System Security, Sensor Networks and AR/VR. Both entities also aim to maximise shared knowledge and promote real-world applications to emerging technologies through hands-on intern projects, consultancy, training programs and other projects.
The MoU was formally signed by Pratik Patel, the Managing Director of Yudiz Solutions, and Dr. Madhuri Bhavsar, who leads the Computer Science and Engineering Department at the Institute of Technology, Nirma University. The event was marked by the exchange of ideas, shared visions and a mutual commitment to collaborative efforts aimed at making a positive impact on the technological landscape.
Earlier, Yudiz Solutions is making a power play in the tech world, shaking up the gaming landscape with a 5G-powered VR game alongside Vodafone India, while simultaneously fueling India's startup ecosystem through a strategic partnership with the country's largest accelerator. This one-two punch redefines immersive gaming and empowers hundreds of rising businesses, solidifying Yudiz's position as a tech juggernaut.
Today, shares of Yudiz Solutions gained 5.90 per cent to an intraday high of Rs 144.85 per share from its previous closing of Rs 136.75 per share. The stock’s 52-week high is Rs 213.8 and its 52-week low is Rs 140. At the closing bell, shares of the company were trading at Rs 137 per share, up 0.18 per cent.
Incorporated in 2012, Yudiz Solutions Limited is engaged in the business of providing IT solutions and consultancy services. The company has a market cap of over Rs 140 crore.
According to the half-yearly results, revenue from operations increased by 45.5 per cent to Rs 15.88 crore in H1FY24 compared to revenue from operations of Rs 10.91 crore in H1FY23. The EBITDA increased by 895.8 per cent to Rs 3.08 crore in H1FY24 compared to Rs 0.31 crore in H1FY23. The company reported a net profit of Rs 1.33 crore in H1FY24 compared to a net loss of Rs 0.54 crore in H1FY23, an increase of 347 per cent.
According to the annual results, the net sales increased by 45.43 per cent to Rs 27.3 crore, operating profit increased by 176.5 per cent to Rs 6.09 crore and net profit increased by 271.6 per cent to Rs 2.75 crore in FY23 compared to FY22.
Yudiz Solutions boasts a robust order book of Rs 18.5 crore, buoyed by strong investor confidence. Notably, foreign institutional investors like Nav Capital VCC (1.53 per cent), Craft Emerging Market Fund PCC (1.03 per cent), and Foreign Portfolio Investors Category II (0.66 per cent) hold significant stakes, underscoring the company's potential for future growth. The shares of the company have an ROE of 31.7 per cent and an ROCE of 41 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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