Penny stock jumped up to 5% after the company bagged an order worth ₹ 15 Cr; Check the details

On Monday this penny stock gained up to 5% after the company bagged an order worth Rs. 15 Cr. The stock has delivered 31% returns in six months and 13% returns in YTD. Currently, the stock is trading above the 50-day and 200-day moving averages.

Atishay Ltd

Atishya Ltd. is a penny stock with a market capitalisation of Rs. 41 Cr. On Monday stock gained upto 5% and closed 4.5% up at Rs. 38.14 on BSE.

According to the company filing, Atishya Ltd has received a significant tender for the Computerization of Primary Agriculture Credit Societies (PACS) data encompassing 863 PACS across all districts within the state of Himachal Pradesh. The total project value is about Rs. 15 Cr and this project will impact positively on the company’s revenue and profitability.

As per the company filing, total standalone revenue increased by 73% from Rs. 4.1 Cr in Q1 FY23 to Rs. 7.1 Cr in Q1 FY24 and the company reported a net profit of Rs 1.08 Cr in Q1 FY24 against a loss of Rs. 3.5 Cr in Q1 FY23.

As per the latest shareholding information, Promoters hold 75% and the public hold a 25% stake in the company.

As a data management enterprise business, Atishay Limited engages. The business provides a broad range of information technology database management and e-government services, including large-scale data input and scanning solutions, document conversion, and digitization services.

Disclaimer: Due to the illiquidity of penny stocks, even a minor rise in the volume of buy orders can cause the stock to reach its upper circuit. Even if the stock prices are within the traditional buying range for the investors and offer enormous potential profits, penny stocks are quite dangerous for retail investors. 

Written by Sheshadri N

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.