Promoters Bought 1,05,468 Shares: Penny Stock Under Rs 25 in Focus As Company Bags Order Worth Rs 1,14,00,000 from Amdocs Development Ltd
The stock is up by 63.5 per cent from its 52-week low of Rs 13.75 per share and multibagger returns of 170 per cent in 3 years.
On Wednesday, shares of Adroit Infotech Ltd gained 0.99 per cent to Rs 22.48 per share from its previous closing of Rs 22.26 with an intraday high of Rs 23.20 and an intraday low of Rs 21.16. The stock’s 52-week high is Rs 30.10 and its 52-week low is Rs 13.75.
Verso Altima India Private Limited, a subsidiary of Adroit Infotech Limited, has successfully secured a substantial contract valued at approximately Rs 1.14 crore (USD 1,34,915) from Amdocs Development Limited. This international contract solidifies Adroit's position as a leading provider of SAP BRIM managed services, underscoring its expertise in delivering innovative IT solutions.
The scope of the one-year contract encompasses comprehensive functional and technical support for Amdocs' SAP BRIM application. This entails a wide range of services, including troubleshooting system issues, resolving software defects, addressing business process-related queries, providing guidance on best practices, and assisting with configuration changes. Additionally, Adroit will deliver a seamless blend of on-site and offshore support to ensure optimal service delivery.
Adroit Infotech, with its extensive experience in SAP solutions, is well-equipped to handle the complexities of SAP BRIM. The company's team of highly skilled consultants possesses a deep understanding of billing, revenue management, and product portfolio management, enabling them to deliver tailored solutions that meet the specific needs of clients like Amdocs. Adroit's global presence and diverse workforce allow it to provide innovative IT solutions to clients worldwide. The company's collaborative approach, coupled with its expertise in emerging technologies, positions it as a trusted partner for businesses across the globe. As the demand for advanced IT solutions continues to grow, Adroit Infotech is poised to capitalize on new opportunities and solidify its position as a leading player in the IT services industry.
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About the Company
Adroit Infotech Limited, a leading SAP consulting firm from Hyderabad, India, has been optimizing businesses for nearly two decades. With a global perspective and experienced consultants, they offer a wide range of SAP services, from process analysis to ongoing support. Partnering with Verso Altima, a global IT services leader, further strengthens their ability to deliver innovative solutions across various technologies, including analytics, IoT, AI, 5G, and cloud.
According to Quarterly Results, net sales increased by 71 per cent to Rs 7.07 crore in Q2FY25 compared to Q2F24. The company reported a turnaround net profit of Rs 0.45 crore in Q2FY25 compared to a net loss of Rs 0.72 crore in Q2FY24, an increase of 162.5 per cent. In its annual results, the net sales increased by 10.7 per cent to Rs 24.86 crore and net profit decreased by 21 per cent to Rs 3 crore in FY24 compared to FY23.
The promoters of the company bought 1,05,468 shares and increased their stake to 39.07 per cent stake in September 2024 compared to June 2024. The stock is up by 63.5 per cent from its 52-week low of Rs 13.75 per share and multibagger returns of 170 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.