The shares of this digital advertising company gained 5.5 percent on Tuesday after the company collaborated with a subsidiary of reliance industry.
Market capitalization of Rs 505 crores, Vertoz Advertising Limited is a micro-cap stock.At 2:09 p.m, the company shares were trading at Rs 329.25 a share, an increase of 4.46 percent from the previous year.
As per the exchange filing, Vertoz Advertising Limited announced that the company collaborated with jio coupon, a leading online coupon network in India, a product of the Jio platform limited.Through this collaboration Vertoz will enhance the value proposition for brands by elevating through the company’s extensive experience and expertise in digital advertising.
Vertoz will serve as jio’s sales representation partner, utilising its local ad sales team to bring advertisers on board and revolutionise the world of coupon monetization.
Further,JioCoupons partnership also increases brand awareness and visibility through successful campaigns for the company.
The company’s revenue increased by 99.01 percent from Rs. 41.61 crores in FY 21-22 to Rs 82.81crores in FY 22-23. Further, During same period, Net Profit has increased by 80.98 percent from 6.1 crores to 11.04 crores.
The company posted impressive return ratios for FY23, with the return on equity(ROE) at 14.87 percent and return on capital employed(ROCE) at 17.08 percent.
The remarkable performance of the company is witnessed by the stock’s 53.50 percent return in six months and 51.87 percent return in just a year.
As per recent shareholding pattern, The Promoters of the Company own 48.96 percent of the stake,while foreign institutional investors hold a 3.3 percent stake.
Vertoz offers exclusive cutting-edge technology platforms for digital marketing, advertising, and monetization that enable businesses to prosper in the current digital environment.
Written by :- Abhishek Singh
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