During Thursday’s trading session, the shares of a company engaged in providing Information security auditing and Consulting surged 3 percent to Rs. 140.9 on BSE, after the company got empanelled by National Informatics Centre Services Incorporated (NICSI), a Government of India Enterprise.
With a market capitalisation of Rs. 171.6 crores, the shares of AAA Technologies Limited opened at Rs. 134.1, compared to its previous closing price of Rs. 136.8.
What’s the News:
AAA Technologies Limited got empanelled by National Informatics Centre Services Incorporated (NICSI), a Government of India Enterprise under NIC, Ministry of Electronics and Information Technology.
According to the latest regulatory filings with the stock exchanges, the company has been selected by NICSI to provide Applications Security Audit and Compliance Services for a period of three years.
Previous News:
On 13th September, AAA Technologies Limited was appointed by Punjab & Sind Bank to conduct an Information Systems Audit for the financial year 2024-2025.
On 18th September, the company was empanelled as IT/Cyber Security Auditors for a period of three years by both Karnataka Gramin Bank and Kerala Gramin Bank.
Financials:
The company experienced marginal growth in its revenue from operations, showing a year-on-year rise of around 5.8 percent from Rs. 3.4 crores in Q1 FY24 to Rs. 3.6 crores in Q1 FY25.
Similarly, its net profit increased during the same period from Rs. 0.62 crores to Rs. 0.81 crores, indicating a growth of 30.6 percent YoY.
Stock Performance
The stock has delivered multibagger returns of nearly 130 percent of returns in one year, and around 58 percent of positive returns in the last six months. So far in 2024, the shares of AAA Technologies have given positive returns of about 54.4 percent.
About the Company:
AAA Technologies Limited is engaged in the business of providing services in Information Security Audit, Cyber Security Audit, IT Assurance & Compliance and IT Governance.
Written by Shivani Singh
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