Multibagger IT-Software Company Bags New Order Worth Rs 27,64,000 From The Udaipur Central Cooperative Bank Ltd
The stock gave multibagger returns of 170 per cent in just 1 year and a whopping 400 per cent in 2 years.
Atishay Limited has secured a new work order valued at ₹27.64 Lakhs from The Udaipur Central Cooperative Bank Ltd. for the supply, installation, commissioning, and maintenance of Micro ATMs. This project is part of the ongoing PACS Digitisation initiative in Rajasthan, building on the company's prior successful projects in Madhya Pradesh, Himachal Pradesh, and Rajasthan. This achievement underscores the company's strong market position and operational excellence, as mandated by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This latest work order, following a previous high-value contract of ₹189.39 Lakhs from The Jodhpur Central Cooperative Bank Ltd. and The Ganganagar Kendriya Sahakari Bank Ltd., further solidifies the company's presence in the agricultural finance sector. The successful execution of this project will enhance the accessibility and efficiency of PACS in Rajasthan, empowering the local agricultural community and contributing to the technological advancement of cooperative banking. This reinforces investor confidence and demonstrates the company's commitment to delivering cutting-edge digital financial solutions.
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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 173 crore.
Annual Results: The net sales increased by 106 per cent to Rs 43.26 crore, the operating profit increased by 245 per cent to Rs 9.63 crore and the net profit increased by 756 per cent to Rs 5.55 crore in FY24 compared to FY23.
The stock’s 52-week high is Rs 249.90 per share and its 52-week low is Rs 59.10 per share. The stock gave multibagger returns of 170 per cent in just 1 year and a whopping 400 per cent in 2 years. Investors should keep a close eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.