Multibagger IT-software company bags new order worth Rs 1,50,00,000 from Director of Cooperation, Himachal Pradesh
The stock gave multibagger returns of 400 per cent in just 1 year and a whopping 1,400 per cent in 10 years.
Atishay Limited has been awarded a significant contract by the Director of Cooperation, Himachal Pradesh, to modernize the operations of all Registrar of Cooperative Societies (RCS) offices within the state. This project, valued at Rs 1.50 crore, falls under the Government of India's initiative to strengthen cooperatives through IT interventions. The scope of work includes developing and implementing an integrated digital platform that will streamline key processes, such as member registration, loan applications, and audits, for all RCS offices.
This contract win underscores Atishay Limited's expertise in delivering innovative IT solutions for the public sector. By leveraging technology to enhance operational efficiency and transparency within the cooperative sector, Atishay Limited aims to contribute significantly to the growth and development of the cooperative movement in Himachal Pradesh. The successful completion of this project is expected to have a positive impact on the company's revenue and profitability.
About the Company
Incorporated in 1989, Atishay Ltd is an IT consultancy and Services company that offers services of data management, software development, E-Governance, retail fintech, and the implementation of turnkey IT solutions. The company has a market cap of Rs 240 crore.
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Quarterly Results: The net sales increased by 78 per cent to Rs 13.01 crore, operating profit increased by 49 per cent to Rs 2.07 crore and net profit increased by 41 per cent to Rs 1.45 crore in Q2FY25 compared to Q2FY24.
Annual Results: The net sales increased by 106 per cent to Rs 43.26 crore, operating profit increased by 245 per cent to Rs 9.63 crore and net profit increased by 756 per cent to Rs 5.55 crore in FY24 compared to FY23.
On Monday, shares of Atishay Ltd plunged 2 per cent lower circuit to Rs 218.55 per share from its previous closing of Rs 223 per share. The stock’s 52-week high is Rs 249.90 per share and its 52-week low is Rs 42.17 per share. The stock gave multibagger returns of 400 per cent in just 1 year and a whopping 1,400 per cent in 10 years. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.