The shares of this smallcap company surged around 6 percent after securing two significant contracts marking its expansion into international markets and the healthcare sector. In just six months, the stock has delivered more than a 40 percent return to its shareholders.
Price Movement:
With a market capitalization of Rs. 1,543 crores, the shares of One Point One Solutions Ltd started Monday’s trading session on a higher note at Rs. 70.20 compared to its previous close of Rs. 69.69.
During the trading session, the shares hit a high of Rs. 74.28, gaining around 6 percent and are currently trading at Rs. 72 apiece.
What Happened:
Such a bullish movement in the share price was observed after the company in an exchange filing announced that it had secured a significant contract with a prominent publicly listed Swedish company.
This partnership marks a major milestone for One Point One Solutions as it expands its global footprint and solidifies its position as a trusted provider of cutting-edge technology solutions.
Also Read: Adani group stock jumps 8% after receiving $375 Mil to expand gas distribution business
The contract involves three major development projects, including a robust Customer Specification Application (CSA) for streamlining ticket management, a comprehensive Payroll Management Platform for secure and efficient payroll data processing, and an interactive User Experience App for Industrial Flow Heater that enhances data visualization and decision-making processes.
Additionally, the company also secured a significant contract with a prominent telehealth company headquartered in Atlanta, USA to strengthen its presence in the healthcare vertical and capitalise on the immense growth potential in this sector.
Under this contract, One Point One Solutions will partner with the telehealth company to provide contact centre solutions and data verification services.
Moreover, this collaboration will enable One Point One Solutions to further strengthen its portfolio under the healthcare vertical, positioning the company for success in upcoming industry summits like the Mass Tort event in Las Vegas.
Financials:
Looking at the company’s financial statements, the revenue increased by around 17 percent from Rs. 52.36 crores during the March quarter to Rs. 61.15 crores in the June quarter. In addition, the net profits zoomed by 14 percent from Rs. 6.66 crores to Rs. 7.60 crores during the same period.
Important Financial Ratios:
In terms of key financial metrics, the company reported a return on equity of 16.34 percent and a return on capital employed of 18.63 percent for the period spanning FY23-24. Additionally, the net profit margin stood at 14.03 percent during the same timeframe.
Shareholding Pattern:
According to the latest shareholding pattern, the Promoters own 51.92 percent of the company’s shares. Domestic Institutional Investors (DIIs) hold 1.42 percent. Foreign Institutional Investors (FIIs) possess 15.46 percent, and Retail Investors hold the remaining 31.20 percent.
Company Profile:
One Point One Solutions Ltd specializes in Customer Lifecycle Management, Business Process Management, and Technology Services. It provides comprehensive solutions across B2B, B2C, digital business, and marketplace verticals.
Also Read: Why did Fusion Micro Finance fall by 10%?; Check the reason
Written By Vaibhav Patil
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.
