Multibagger penny stock under Rs 60 and promoters & FIIs increase stake: This BPO company reports a 145 per cent jump in net profit
The stock gave multibagger returns of 177 per cent from its 52-week low of Rs 20.35 per share.
Today, shares of One Point One Solutions Limited gained 3.2 per cent to Rs 56.70 per share from its previous closing of Rs 54.95. The stock gave multibagger returns of 177 per cent from its 52-week low of Rs 20.35 per share.
One Point One Solutions is a full-stack player in BPO, KPO, IT Services, Technology & Transformation and Analytics. The company was incorporated in the year 2006 and offers comprehensive solutions in technology, accounting, skill development and analysis. In 2024, the company acquired a major stake in ITCube Solutions Pvt Ltd., which is an IT + BPM/KPO services company; headquartered in Pune and Cincinnati, Ohio. ITCube is a leading provider of technology solutions specialising in intellectual property protection, AI-driven automation, and business process optimisation. With over two decades of experience, ITCube has a robust presence in the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia serving clients across sectors.
Also Read: 2,500 per cent jump in net profit: Turnaround story in this multibagger penny stock at Rs 22.80 & promoters bought 30,59,786 shares in FY24
According to Quarterly Results, the net sales increased by 37.6 per cent to Rs 53.29 crore, EBITDA increased by 33.2 per cent to Rs 15.53 crore and net profit increased by 125.8 per cent to Rs 6.66 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 21.4 per cent to Rs 175.16 crore, EBITDA increased by 53 per cent to Rs 56.76 crore and net profit increased by 145.5 per cent to Rs 21.38 crore in FY24 compared to FY23. The EPS for FY24 stood at Rs 1.06.
According to March 2024 shareholding, the promoters of the company bought over 5 per cent stake and increased their stake to 67.79 per cent compared to 62.67 per cent in December 2024. Additionally, BofA Securities Europe SA bought 30,00,000 shares at Rs 50 per share aggregating to Rs 15 crore in March 2024.
From Rs 2.03 per share to Rs 56.70 per share, the stock gave multibagger returns of 2,693 per cent in 3 years. 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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