FIIs Bought 13.34% & DIIs Increase Stake: Multibagger Penny Stock Under Rs 60 Jumps Over 9% On February 25
The stock is up by 25 per cent from its 52-week low of Rs 43.32 per share.
On Tuesday, shares of One Point One Solutions Limited jumped over 9 per cent to Rs 54 per share from its previous closing of Rs 49.53 per share. The stock’s 52-week high is Rs 77.50 per share while its 52-week low is Rs 43.32 per share. The stock is up by 25 per cent from its 52-week low of Rs 43.32 per share.
One Point One Solutions Ltd., a seasoned solutions provider with a 20-year history, specialises in BPO, KPO, IT Services, Technology & Transformation, and Analytics. The company offers a comprehensive suite of services, including technology, accounting, skill development, and analysis, catering to diverse industries such as banking, finance, retail, and healthcare. The recent acquisition of ITCube Solutions Pvt Limited has significantly expanded One Point One's global footprint, adding centres in Pune, Cincinnati, Ohio and strengthening its presence in countries like the USA, UK, and India.
Led by Founder-Chairman Akshay Chhabra, the company's 5600+ professionals deliver efficient services to over 50 clients, leveraging cutting-edge technologies like GenAI and intelligent automation to provide innovative solutions. The company is actively pursuing strategic growth through potential acquisitions in the USA, Latin America, and Europe, having signed non-binding term sheets with three target companies. In addition to exploring expansion through acquisition, the company has strengthened its client base by successfully onboarding three renowned new clients during the quarter. Furthermore, the company secured a significant contract with a leading bank in the country, demonstrating continued success in attracting major clients and expanding its business.
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The company demonstrated strong financial performance in both the third quarter and the nine-month period of FY25. Quarterly, total income increased significantly by 67.18 per cent year-on-year, reaching Rs 70.40 crore in Q3FY25 compared to Rs 42.11 crore in Q3FY24. Profit after tax (PAT) also saw substantial growth, rising by 41.21 per cent to Rs 8.43 crore. For the nine-month period, the company's total income reached Rs 196.55 crore, a 61.29 per cent increase from Rs 121.86 crore in 9MFY24. Similarly, PAT for the nine months grew by an impressive 65.90 per cent, reaching Rs 24.42 crore.
In December 2024, FIIs bought 13.34 per cent and increased their stake to 16.53 per cent and DIIs increased their stake to 0.72 per cent compared to September 2024. The company has a market cap of over Rs 1,350 crore with an ROE of 22 per cent and an ROCE of 22 per cent. From Rs 10.85 per share to Rs 54 per share, the stock gave multibagger returns of 398 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.