BNP Paribas bought 9,86,663 shares & Promoters bought over 5 per cent stake of this stock under Rs 65; Company into expansion as it acquired IT-Cube for Rs 84 crore

The stock gave multibagger returns of 197.5 per cent from its 52-week low of Rs 20.35 per share.

Today, shares of One Point One Solutions Limited gained 4.6 per cent to Rs 60.55 per share from its previous closing of Rs 57.90. The stock gave multibagger returns of 197.5 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.

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. BNP Paribas is a top European bank with a full range of products and solutions suited to the client's needs. With a presence in 65 territories, BNP Paribas possesses leading platforms and businesses in Europe, a deep footprint in the Americas, and a solid, fast-growing set-up in the Asia-Pacific region.

From Rs 2.12 per share to Rs 60.55 per share, the stock gave multibagger returns of 2,750 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.