Penny stock under Rs 30 bags new order from BARC hospital, reported profits after back-to-back losses over past 5 quarters!
The stock has delivered an impressive return of around 83 per cent in the past year.
Panabyte Technologies Limited is engaged in multi-product distribution, including consumer electronics, electrical goods, IT hardware and peripherals, and sanitary products. The company has announced a significant order received by the company.
Panabyte Technologies Limited has been qualified as the L1 Agency and secured a tender for a Comprehensive Triennial Maintenance and Service Contract for computers, printers, UPS, and other equipment at BARC Hospital and Zonal Dispensaries. The contract, valued at approximately Rs 49,32,300 (Rupees. Forty-Nine Lakh Thirty-two thousand and three hundred only) (including Tax) is to be executed immediately.
Also read Stock under Rs 20: This Cloud Kitchen Company Ventures into Retail Supermarket Chain!
On Friday, the company's stock closed at around Rs 27 per share, with a market capitalisation of around Rs 11.85 crore. Additionally, the stock has delivered an impressive return of around 83 per cent in the past six months only. According to the Quarterly Results, in Q4 FY24, the company's revenue surged by 68 per cent, reaching Rs 1.34 crore, while it reported a net profit of Rs 0.09 crore.
According to the shareholding pattern of the company, promoters hold 17.03 per cent of the company while public investors or retail investors hold 82.98 per cent as per the recent update.
Business Overview
The company designs ICT & IoT devices and is involved in manufacturing, distribution, and services. It offers solutions in Smart Computing Devices & Virtualization, Smart & AI-based Digital Classrooms, Smart & Connected Cars, Smart Asset Management, Retail IoT, Healthy Living Solutions, AV and Pen Display Solutions, Smart Water, and other contract manufacturing OEM/ODM and electronic manufacturing opportunities. The company is also engaged in multi-product distribution such as Telecom Products, IT Products, Accessories, LED Lighting Products, Batteries, Power Banks, Audio Products, Torches/Flashlights, Electrical Products, Phones, facilitating Project-based Services, and AMC of Large corporations, CCTV Surveillance.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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