Heavy buying: Back-to-back upper circuit in this micro-cap multibagger IT stock; gains over 200 per cent!
Shares of the company have gained about 50 per cent in the last six months.
Shares of Softtech Engineers Limited were locked in the upper circuit on Wednesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 50 per cent.
SoftTech Engineers Limited is an information technology and software services organization, that delivers end-to-end solutions in the Architectural-Engineering-Construction (AEC) space, catering to property developers, municipal corporations, investors, real estate companies, contractors, architects, and consultants. The company has partnerships and collaborations with strong global industry leaders like ESRI, Autodesk, RIB, Microsoft, Mitsubishi Electrical, etc.
Also read, Explained: What is behavioural finance and its implications
The company posted robust Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 18.81 crore which grew by 54.96 per cent YoY. The operating profit of the company stood at Rs 5.33 crore, while the PAT of the company stood at Rs 0.50 crore, representing a decline of 27.79 per cent YoY.
Softtech Engineers Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 77.35 on October 23, 2020, to Rs 244.85 on October 18, 2023, an increase of about 200 per cent in the three-year holding period.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Rs 540 crore order book and Heavy buying: Back-to-back upper circuit in this multibagger stock; bags new orders worth Rs 19 crore!
-
Heavy buying: Back-to-back upper circuit in this multibagger solar power stock; reports a 340 per cent jump in PAT!
-
Back-to-back upper circuit: Heavy buying witnessed in this power transmission company’s stock, gains 460 per cent in just one year!
-
Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 150 per cent!
-
Heavy buying and Rs 4,112 million order book: Back-to-back upper circuit in this multibagger stock; reports a 180 per cent jump in net profit!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high!
-
Heavy buying: Back-to-back upper circuit in this multibagger IT stock; gains over 300 per cent!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 400 per cent!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high!
-
Heavy buying: Back-to-back upper circuit in this multibagger penny stock; Dolly Khanna bought 3,47,035 shares of the company!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger IT company; stock gains over 2200 per cent!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 900 per cent!
-
Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; reports 690 per cent jump in net profit!
-
Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; scrip up by 140 per cent in just 1 year!
-
Shares of this small-cap company were locked in 5 per cent upper circuit after bagging orders worth Rs 5,52,69,592!
-
Keep an eye on this stock which was locked in the upper circuit on February 23
-
Stock under Rs 30: Watch this small-cap textile stock, which was in the upper circuit on February 17
-
52-week high alert: This multibagger stock got locked at upper circuit after reporting more than 10x jump in net profit!
-
Multibagger stock below Rs 25: Investors should keep a close eye on this small-cap stock!
-
Rs 1,400 crore order book: Multibagger defence drone stock hit upper circuit & 52-week high; Mukul Agrawal owns 10,00,765 shares!