Heavy buying: Back-to-back upper circuit in this micro-cap stock; hits fresh 52-week high!

In the last six months, the stock gained over 70 per cent.

Shares of R S Software (India) Limited were locked in the upper circuit in the last two trading sessions. The stock also made a fresh 52-week high today at Rs 42.16. In the last six months, the stock gained over 70 per cent.

The company posted impressive Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 12.25 crore which grew by 182.6 per cent YoY. The operating profit of the company stood at Rs 2.52, while the PAT of the company stood at Rs 0.93 crore. In Q4FY22, the company incurred a loss while in Q4FY23 the company posted positive results and made a profit.

R S Software (India) Limited is predominantly engaged in software development, maintenance, testing, and software project management under client-server and web-based technologies. The company provides Real-Time Payments -RS Digital edge (API-based digital layer which can integrate seamlessly with underlying instant payment or faster payment), RS Intelliedge - Banks (Integrated fraud and risk management), etc.

Today, the stock opened at Rs 42.16, with a high and low of Rs 42.16 and Rs 42.16, respectively. The stock is currently trading at Rs 42.16, up by 4.98 per cent. The stock has a 52-week high of Rs 42.16 and a 52-week low of Rs 21.16. The company has a market capitalisation of Rs 108.39 crore.