During Tuesday’s trading session, shares of this fintech company engaged in providing a unified open API and wallet platform surged 4.9 percent on NSE, after a Foreign Institutional Investor (FII) bought 3.9 lakh equity shares worth nearly Rs. 9.94 crores in the company via a bulk deal on NSE.
Price Movement
With a market cap of Rs. 653.4 crores, at 11:22 a.m., the shares of MOS Utility Limited were trading in the green at Rs. 262.05 on NSE, up by around 2.8 percent, as compared to its previous closing price of Rs. 255.
What’s the News
According to the latest bulk deal reported on the NSE, foreign investor Pine Oak Global Fund has acquired 3.9 lakh equity shares in MOS Utility, through an open market transaction valued at around Rs. 9.94 crores, with an average price of Rs. 255 per share.
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Previous Updates
29th November 2024: The company, through its subsidiary JC Ventures Private Limited, announced a strategic collaboration with Madhya Pradesh Gramin Bank to deliver essential financial inclusion services via the CSP/BC model. This initiative aims to expand banking services to underserved communities across India.
21st January 2025: MOS Utility Limited, through its subsidiary MOS LOG Connect Private Limited formalized a service agreement with Spacemantra Solutions Private Limited, a subsidiary of Rhiti Sports Group. The partnership will drive the marketing and sale of online lotto tickets across India.
Financials
MOS Utility reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 212 percent, rising from Rs. 83.7 crores in H1 FY24 to Rs. 261.3 crores in H1 FY25.
However, during the same period, the company’s net profit decreased from Rs. 5.82 crores to Rs. 5.76 crores, representing a marginal decline of around 1 percent YoY.
About the Company
MOS Utility Limited operates the business of providing a platform to agents which then facilitates the booking of instant digital transfer of money to a bank account, AEPS, Micro ATM, NSDL kiosk, flight booking, hotel booking, recharge any cell phone and DTH, Bill payments of utility bills and insurance premium selling to travel, 2-wheeler and health insurance, CMS, courier services, Mera Adhikar etc.
Written by Shivani Singh
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