Stock below Rs 50: This small-cap company received a work order worth Rs 29,85,000!

As of December 2022, 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.

Atishay Ltd informed the exchange (BSE) the company has received the following work order from Madhya Pradesh Police Headquarters. The total cost of the project including order(s)/contract(s) awarded in brief GST is Rs 29,85,000 (Rupees twenty-nine lakhs eighty-five thousand) to supply, install and commission LAN networking. The tenure of the project is 3 years. 

Today, shares of the company surged 5.66 per cent to Rs 32.65 per share from its previous closing of Rs 30.90. The stock has a 52-week high of Rs 46 and a 52-week low of Rs 27. 

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 36 crore. The company reported excellent numbers in both Quarterly Results and annual results. The net sales rose by 23.19 per cent and the net profit rose by 3.28 per cent in Q3FY23 compared to Q3FY22. 

As of December 2022, 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. Investors should keep a close eye on this Small-Cap stock.