370 per cent returns: This multibagger penny stock below Rs 5 zoomed more than 13 per cent on Friday’s session; do you own it?

The scrip witnessed a massive spurt in volume by more than 4 times

On Friday, shares of FCS Software Solutions zoomed more than 13 per cent to make an intraday high of Rs 2.43 apiece on BSE. The scrip witnessed a massive spurt in volume by more than 4 times.

In March 2023, the net sales recorded Rs 8.29 crore, reflecting a 17 per cent decrease compared to Rs 9.99 crore in March 2022. The EBITDA level for March 2023 amounted to Rs 1.97 crore, indicating a 31.83 per cent decline from Rs 2.89 crore in March 2022. The quarterly net profit for March 2023 reached Rs 0.13 crore, showing a significant decline of 58 per cent from Rs. 0.31 crore in March 2022.

Established in 1993 and based in Noida, FCS Software Solutions is an IT company that offers a range of services such as IT consulting, IT infrastructure management, IT-enabled services, and learning solutions. Additionally, the company also leases immovable properties, including IT infrastructural properties. The main promoter and chairman of the company is Dalip Kumar, who has around 34 years of experience in the IT industry.

The stock has witnessed heavy buying as it has given multibagger returns of 370 per cent returns in just 3 years. Keep a close eye on this trending multibagger penny stock.