IT-hardware solution company bags new orders worth Rs 2.01 crore from JBA Infosolutions Private Limited, Mumbai

The stock gave multibagger returns of 133 per cent from its 52-week low of Rs 80.25 per share.

Slone Infosystems Limited has secured a domestic order from JBA Infosolutions Private Limited, Mumbai, for the supply of 600 Lenovo ThinkCentre Neo 50t desktop computers. Each unit includes a Core i3-12100 processor, 8GB of RAM, a 512GB SSD, a 19.5-inch monitor, a keyboard, a mouse, and 3 years of Premier Support. The total order value is Rs 2.01 crores plus GST. The order was placed on September 2, 2024, and is expected to be fulfilled within 1-2 working days of the order date.

Earlier, the company received a significant order valued at Rs 17.43 crore plus GST to supply materials for an ICT Lab, encompassing drone, AI, and Robotics services. The undisclosed listed company has placed this order, which is domestic in nature and sale-based. The order will be delivered within 7 to 10 working days. This substantial contract underscores Slone Infosystems' expertise in the ICT domain and its ability to cater to the evolving technological needs of various industries.

Slone Infosystems Limited, founded in December 2022, is an Indian IT hardware solutions company that sells and rents IT equipment (laptops, desktops, servers, workstations) and provides IT solution services (cloud server management, IT equipment servicing) to corporate clients.

The stock was listed under the SME segment with a lot size of 1600 shares. On Monday, shares of Slone Infosystems Limited plunged 0.72 per cent to Rs 187 per share from its previous closing of Rs 188.235. The stock’s 52-week high is Rs 189 and its 52-week low is Rs 80.25.

The company has a market cap of Rs 98.53 crore. In its annual results, the company reported a net sales of Rs 30.22 crore, an operating profit of Rs 1.33 crore and a net profit of Rs 0.75 crore. The shares of the company have an ROE of 200 per cent and an ROCE of 122 per cent. The stock gave multibagger returns of 133 per cent from its 52-week low of Rs 80.25 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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