This BPO/KPO company launches its enterprise networking solutions brand CelerityX; scrip jumps over 3 per cent!
The company has a good return on equity (ROE) track record with 3-year ROE of 45.9 per cent and has been maintaining a healthy dividend payout of 20.8 per cent.
India’s 4th largest private Internet Service Provider ONEOTT iNTERTAINMENT Limited (OIL), the broadband subsidiary of Hinduja Global Solutions (HGS) announced that it is foraying into the fast-growing enterprise solutions segment in India, leveraging its expertise in technology and domain knowledge gained through its B2C business.
The new brand – CelerityX offers a portfolio of bespoke digital solutions for enterprise customers of any scale or strength. CelerityX combines the word "Celerity", meaning swiftness or speed, with the letter "X", which connotes advanced, cutting-edge technology. The brand name reinforces the strong focus on speed, agility, and technology.
CelerityX is all about making networking as easy as using a couple of clicks. The brand offers a comprehensive suite of enterprise solutions, including cutting-edge Broadband over Satellite (BoS), Fiber, and 5G MESH networks, as well as zero-touch digitally enabled industry solutions, across on-premises, cloud, and platform economy environments.
CelerityX, the Enterprise Business Unit of OIL offers customers access to a national-level digital mesh – providing secure and mission-critical connectivity through a mesh of terrestrial platforms, broadband-over-satellite and WIFI, layered with SDWAN capabilities.
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On Tuesday, shares of HGS surged 3.5 per cent to an intraday high of Rs 1,045 per share from its previous closing of Rs 1,009.8. The company also announced a final dividend of Rs 2.5 per share for a face value of Rs 10 each.
The stock is trading at 0.62 times its book value of Rs 1,630 each. The company has a good return on equity (ROE) track record with 3-year ROE of 45.9 per cent and has been maintaining a healthy dividend payout of 20.8 per cent.
The company is a small-cap company that has a market cap of over Rs 5,000 crore and investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.