Penny stock under Rs 30: This micro-cap company inks a strategic partnership with FUJIFILM for India!
The stock is up by 27 per cent in 3 months and over 40 per cent in 6 months.
WeP Solutions Limited (Wepsol), a BSE-listed company, and FUJIFILM India Private Limited (FUJIFILM) have entered into a strategic partnership agreement. Under this agreement, Wepsol shall provide system integration services, sell and service FUJIFILM’s advanced product portfolio under Office Solutions to address the digital printing market in India.
Wepsol has led the way for over two decades with technology solutions that energize, digitalize, and transform the workplace. Its digital workplace suite, fluid Works empowers enterprises with a connected agile environment where collaboration is supercharged, employee experience is elevated, and productivity soars. Wepsol’s fluid Print is an elastic, secure and cost-slaying Managed Print Service (MPS) which will be powered by FUJIFILM's range of digital print solutions for discerning clients.
FUJIFILM is a leading provider of printing technology worldwide and has the No1 market share in A3 products in all major markets of Asia Pacific. FUJIFILM has a vast portfolio of technologically advanced products and is involved in other business segments - healthcare, materials, imaging and business innovation.
Incorporated in 1988, Wepsol Ltd provides managed printing solutions and services, digital services, manufacturing and distribution of retail billing products, and multi-functional printers. The company is an Enterprise Services provider of Digital Services and Managed Printing Services, along with retail products and solutions. It also has a portfolio of Ricoh products and solutions for enterprise customers.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
On Friday, shares of WeP Solutions Ltd were locked in a 5 per cent upper circuit to Rs 26.19 per share from its previous closing of Rs 24.95 per share. The shares of the company saw a spurt in volume by more than 3.16 times on BSE.
The company has delivered good profit growth of 30.8 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 33.7 per cent. The stock is up by 27 per cent in 3 months and over 40 per cent in 6 months. 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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