This Indian tech company has surprised everyone as it has more than doubled from its June low!

The total dividend for FY is 62 per equity share (the previous year Rs 52 per equity share).

Accelya Solutions India Limited, part of the Accelya Group company provides comprehensive financial and business intelligence solutions to the airline industry. Accelya's solutions are available as hosted and outsourced in pay-per-use models. These innovative models are beneficial for customers since they reduce upfront capital investments. The return on investment on the pay-per-use model is quite fast since the business benefits of the solution pay for itself. Accelya Solutions thereby partners with customers in sharing risks and rewards.

In Q2FY23, the company recorded a consolidated operating income of Rs 115 crore up by 35 per cent YoY and consolidated PAT stood at Rs 33 crore as against Rs 14 crore.

With the lifting of travel restrictions in most countries, coupled with strong pent-up travel demand and expanded consumer savings, the company has observed a recovery in airline passenger volumes in recent months. It expects this trend to continue and the outlook for further recovery post the pandemic remains optimistic.

An interesting point is that the company declared and paid an interim dividend of Rs 17 per equity share and a final dividend of Rs 45 per equity share for FY22. The total dividend for FY is 62 per equity share (the previous year Rs 52 per equity share).

The company has reduced debt. Stock is providing a good dividend yield of 3.76 per cent and it has a good return of equity (ROE) track record - 3 Years ROE of 28.7 per cent.

The promoter holding in this Small-Cap stock is 74.7 per cent with no promoter pledge and the FII/FPI has increased holdings from 0.55 to 0.59 per cent in September 2022 quarter.

Talking about the stock’s price performance, it has more than doubled from the June 2022 lows and currently it is trading at its 52-week high.