The shares of a Microcap Technology Company that is engaged in shaping Dual Intelligence by integrating human and artificial intelligence to drive business transformation hit a 5 percent upper circuit after the promoters of the company increased their stake through a rights issue.
Price Action
The shares of GTT Data Solutions Ltd, with a total market capitalization of Rs 313.45 Crores, hit a 5 percent upper circuit at Rs 81.79 per share in Thursday’s trading session. The shares have generated multibagger returns of 257 percent in the past year, 3,101 percent in the past three years, and 5,109 percent in the past five years.
What Happened
On March 5, 2025, Mr. Pankaj Ramesh Samani, promoter of GTT Data Solutions Ltd, announced on behalf of certain promoters about the acquisition of 1,38,78,763 equity shares, which represents 36.21 percent of the company’s share capital after the Rights Issue. As a result of this acquisition, the total shareholding of the promoters has increased from 12.31 percent to 42.37 percent of the company’s post-issue capital, which is valued at Rs 38,32,38,300.
This increase in shareholding means that the promoters now own 2,74,00,949 shares, which is 71.50 percent of the total post-issue shares, up from their previous holding of 1,35,22,186 shares, which was 70.57 percent of the total shares before the Rights Issue.
Before the Rights Issue, the company had a total of 1,91,61,915 shares, valued at Rs 19,16,19,150. After the Rights Issue, the total number of shares in the company increased to 3,83,23,830 shares, worth Rs 38,32,38,300.
Also read: Aluminium stock under ₹100 jumps 5% after company to expands its manufacturing business
Financials
The Company reported an increase of 30 percent in Revenue from operations on a sequential basis from Rs 3.54 Crore in Q2FY25 to Rs 4.59 Crore in Q3FY25. However, the Net loss of the company widened from Rs 0.67 Crore to Rs 1 Crore over the same period.
About GTT Data Solutions Ltd
GTT Data Solutions Limited is a technology company that focuses on Dual Intelligence by combining human and artificial intelligence to drive business transformation. The company offers services in data engineering, advanced analytics, AI-driven automation, and IT service management, assisting businesses in improving operations, making better decisions, and speeding up innovation.
Written By Adhvaitha Nayani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
