If you invest your money in the stock market and are interested in it, then this news is for you. Actually, a company related to IT sector has given multibagger returns to its investors in the last few years. This company is One Point One Solutions Limited. The company’s shares have increased by about 3,400% in the last 4 years. Let us tell you that the shares of the company were Rs 1.58 on NSE on November 29, 2019, which has increased to Rs 55 today. Let us tell you that during special trading on Saturday, May 18, the company’s shares closed at Rs 58.65 on NSE with a rise of 2%.
Stock market buzzing on special trading, Sensex closed beyond 74000 points
The performance of the shares has been like this
Let us tell you that in the last one month, the company’s shares have increased by 7% from Rs 51.95 to Rs 55. Whereas in the last 6 months the company’s stock has increased by 40%. On the other hand, the company’s shares saw a rise of 160% in one year. Shares of One Point One Solutions Ltd. have a 52-week high of Rs 70. Whereas the 52 week lowest level of shares is Rs 20.35. On the other hand, the total market cap of the company is Rs 1,252.70 crore.
There was a huge rise in the shares of this company, the stock reached record high.
Increase in company’s net profit
This small-cap company has recently announced the results for the March quarter of the current financial year i.e. FY24. The company’s net profit during this period was Rs 6.6 crore which was Rs 2.95 crore in the same period of the last financial year. During this period, the company’s net profit saw an increase of 105% on an annual basis. At the same time, the total net profit of the company in the financial year 2023–24 was Rs 22.37 crore, which was Rs 8.76 crore in the same period of the last financial year. During this period, there was an annual increase of 155 percent in net profit.
