Multibagger penny stock under Rs 70 in focus as company reports robust financial performance; PAT jumps 82.74 per cent in H1FY25
From Rs 8.83 per share to Rs 64.90 per share, the stock gave multibagger returns of 635 per cent in 3 years.
Today, shares of One Point One Solutions Limited plunged 3.6 per cent to Rs 64.90 per share from its previous closing of Rs 67.30. The stock’s 52-week high is Rs 77.50 per share while its 52-week low is Rs 37.50. The stock is up by 73 per cent from its 52-week low of Rs 37.50 per share.
The company witnessed robust growth in the second quarter of the fiscal year 2025, with revenue surging 56.68 per cent year-on-year to Rs 62.48 crore from Rs 39.88 crore in the same period last year. Profit after tax (PAT) also climbed 41.32 per cent year-on-year to Rs 8.38 crore from Rs 5.93 crore. For the first half of the fiscal year, revenue grew 63.51 per cent year-on-year to Rs 123.63 crore, while PAT soared 82.74 per cent year-on-year to Rs 15.99 crore.
In a series of strategic moves, the company has solidified its global footprint. The company has signed a non-binding term sheet to acquire a BPO firm in Latin America, expanding its operational reach. Additionally, it has secured significant client wins, including a pioneering medical device company in the US and a leading Swedish multinational. Notably, its subsidiary, ITCube Solutions, has clinched a contract with a global client specializing in AI-driven brand protection.
One Point One Solutions Ltd. is a versatile solutions provider specializing in BPO, KPO, IT Services, Technology & Transformation, and Analytics. With a two-decade legacy, the company offers comprehensive solutions encompassing technology, accounting, skill development, and analysis to diverse industries. The recent acquisition of ITCube Solutions Pvt Limited has solidified its position in IT, BPM, and KPO domains, expanding its global footprint to include centers in Pune, Cincinnati, Ohio, and existing locations in India. Additionally, One Point One USA Inc. in Delaware marks its international expansion, while the ITCube acquisition strengthens its presence in various countries, including the USA, UK, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore, and Australia.
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Led by Founder-Chairman Akshay Chhabra, the company serves a wide range of industries, including banking, finance, retail, e-commerce, consumer durables, FMCG, travel, hospitality, insurance, and healthcare. A dedicated team of 5600+ professionals deliver efficient services to a growing clientele. The company's service offerings include organizations, customer services, sales, collections, construction bid management, medical record retrieval and summarization, tech helpdesk, back-office, accounting, litigation, recruitment, design, and development. By harnessing cutting-edge technologies like GenAI and intelligent automation, the organization develops and deploys innovative solutions that add significant value to its 50+ clients.
The company has a market cap of Rs 1,657 crore with an ROE of 22 per cent and an ROCE of 22 per cent. From Rs 8.83 per share to Rs 64.90 per share, the stock gave multibagger returns of 635 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.