Rs 16,00,00,000 order win: This multibagger micro-cap company bags new order from Director of Co-operation, Himachal Pradesh
The stock gave multibagger returns of 325 per cent in just 1 year whereas BSE Sensex Index is up by 33.4 per cent.
Atishay Ltd has been awarded a significant work order from the Director of Cooperation, Himachal Pradesh, for the computerization of an additional 919 Primary Agriculture Credit Societies (PACS) across all the districts of Himachal Pradesh. This project holds an approximate order value of Rs 16 crore, which represents a significant addition to our prior engagements in PACS digitization in both Himachal Pradesh and Madhya Pradesh.
Previously, the Company was entrusted with the computerization of 863 PACS in Himachal Pradesh, and this new work order bolsters our ongoing efforts to strengthen digital access and operational efficiency for PACS in the region. With a proven track record of successfully executing similar projects in Madhya Pradesh and Himachal Pradesh has been instrumental in securing this expanded mandate, underscoring our expertise and reliability in delivering crucial technology solutions within the agriculture sector.
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 182.18 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 Q1FY25 compared to Q1FY24.
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 Wednesday, shares of Atishay Ltd hit a 5 per cent upper circuit to Rs 165.90 per share from its previous closing of Rs 158. The stock’s 52-week high is Rs 203 and its 52-week low is Rs 39. The stock gave multibagger returns of 325 per cent in just 1 year whereas BSE Sensex Index is up by 33.4 per cent. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.