Keep an eye on this stock, which was locked in the upper circuit on December 08

Today, the stock of this company was locked at 20 per cent at Rs 273.05 per share.

One of the Top Gainers on the BSE today, shares of PlatinumOne Business Services Ltd surged and reached an upper price band of Rs 273.05 per share, after being locked in the 20 per cent upper circuit. The company's stock price has increased significantly today, as a result of recent strong trading activity.  

In quarterly and annual financial statements, the corporation presented excellent figures. According to annual reports, profit in FY22 was only Rs 1.08 crore but it more than doubled to Rs 2.27 crore in FY23. The stock PE multiple is 19 whereas the industry PE multiple is 34.3. The company has an ROE of 24 per cent and a ROCE of 28.8 per cent. All of this therefore indicates great managerial performance and it witnessed some fresh buying today.  

PlatinumOne Business Services Limited specializes in business process management. Business process outsourcing, customer support, sales training and enablement and sales technology solutions are all available from the company. The company serves clients only in India.  

The stock gave multi-bagger returns of 112.82 per cent in just 6 months while BSE Sensex is up by 13.11 per cent in 6 months. Investors must keep this stock on their watch list.