Multibagger penny stock under Rs 55 and promoters & FIIs increase stake: Heavy buying witnessed in this BPO/KPO stock - gains over 5 per cent; watch out!

From Rs 2.89 per share to Rs 57 per share, the stock gave multibagger returns of 1,870 per cent in 3 years.

Today, shares of One Point One Solutions Limited gained 5.9 per cent to Rs 57 per share from its previous closing of Rs 53.83. The stock gave multibagger returns of 180 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 for Rs 84 crore being one of the major business expansion. 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.

The company has entered a strategic partnership with a pioneering medical device company based in Tampa, Florida. The medical device company, a leading designer and manufacturer of home electrical stimulation devices, bracing, and accessories for pain management and physical rehabilitation, has partnered with One Point One Solutions to improve its accounts receivables by leveraging One Point One Solutions' comprehensive contact centre services. This includes specialists interacting with insurance companies via phone and online portals to secure payments, reviewing incoming correspondence and reports to collect outstanding balances, resolving account issues, and handling write-offs and account inactivation. This partnership will allow the medical device company to focus on its core business of providing innovative products and improving patient care.

Also Read: Promoters bought 4,58,241 shares & 5:1 Stock Split: Multibagger penny stock under Rs 55 – Bags new orders from ITD Cementation India Ltd

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, BNP Paribas Financial Markets bought 9,86,663 shares at Rs 54.8 per share aggregating to Rs 5.41 crore in March 2024. BNP Paribas Financial Markets is owned by BNP Paribas Group. From Rs 2.89 per share to Rs 57 per share, the stock gave multibagger returns of 1,870 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.