ACE Software Exports (Ace) share: Like last year, ACE Software Exports (Ace) has given multibagger returns this year too. The stock has surged 300 per cent in 2024 YTD from ₹41.28 in December 2023 and touched its record high of ₹165.15 in intra-day deals. Today, for the seventh consecutive session, it hit an upper circuit of 2 percent. Meanwhile, it has increased by more than 743 percent in the last one year. The stock has surged over 849 per cent from its 52-week low of ₹17.40 on July 21, 2023.
continuous rise this year
So far this year, this stock has given excellent returns in 4 out of 5 months. The stock is up 14.5 percent in May after rising more than 58 percent in April. However, it declined by 8 percent in April. Meanwhile, it also remained positive in the first 2 months of this year, gaining 51 percent in February and more than 58.5 percent in January 2024. Let us tell you that the stock is currently trading under ESM Stage 2.
Excellent returns even in the long run
The stock has given multibagger returns of 634 per cent in the last 5 years from ₹22.50 in May 2019 to ₹17.79 in May 2021, up 828 per cent in the last 3 years.
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company business
Ace Software Exports Limited, together with its subsidiaries, provides document management, digital publishing and data transfer solutions using process engineering and transferred systems in India. The company also provides digital content and publishing services, including pre-press, e-book formatting, editorial, cover design, and document conversion. The company’s net profit rose 775 per cent year-on-year (YoY) to ₹2.8 crore in the December quarter (Q4FY24) from ₹0.32 crore in Q3FY23. Its total income also increased by 114 per cent year-on-year to ₹5.1 crore in the quarter under review, compared to ₹2.38 crore in the same quarter last year.
