Heavy buying is witnessed in this multibagger penny stock under Rs 60 and promoters & FIIs increase their stake: Surging over 6 per cent today; watch out!

From Rs 3.61 per share to Rs 59.64 per share, the stock gave multibagger returns of 1,550 per cent in 3 years.

Today, shares of One Point One Solutions Limited gained 6.45 per cent to Rs 59.64 per share from its previous closing of Rs 56.03. The stock gave multibagger returns of 193 per cent from its 52-week low of Rs 20.35 per share.

One Point One Solutions, a full-service provider in business process outsourcing (BPO), knowledge process outsourcing (KPO), IT services, technology transformation, and analytics since 2006, offers comprehensive solutions across technology, accounting, skill development, and data analysis. In a major 2024 business expansion move, they acquired a significant stake in ITCube Solutions Pvt Ltd., a leading IT and BPM/KPO services company headquartered in both Pune, India and Cincinnati, Ohio, for Rs 84 crore. ITCube, with over two decades of experience, specializes in technology solutions like intellectual property protection, AI-driven automation, and business process optimization. They have a strong presence across the USA, England, Netherlands, Germany, the Middle East, Southeast Asia, and Australia, serving a wide range of clients in various sectors.

One Point One Solutions previously established a strategic partnership with a leading medical device company from Tampa, Florida, specializing in home electrical stimulation devices for pain management and physical rehabilitation. This partnership aimed to streamline the medical device company's accounts receivables by leveraging One Point One Solutions' comprehensive contact centre services. One Point One Solutions assigned specialists to handle various tasks including interacting with insurance companies through phone and online platforms to secure payments, analysing incoming communication and reports to collect outstanding balances, resolving account-related issues, and managing write-offs and account inactivation. By outsourcing these tasks, the medical device company gained valuable time and resources to focus on its core competencies – developing innovative products and enhancing patient care.

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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 3.61 per share to Rs 59.64 per share, the stock gave multibagger returns of 1,550 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.