The shares of penny stock specializing in providing end-to-end cash and digital payment, including ATM/CRM outsourcing, cash management, and digital payment services solutions, are in focus upon a Bulk Deal Involving approximately Rs. 1.50 Crores
Price action
With a market capitalization of Rs. 86.46 crores on Wednesday, the shares of AGS Transact Technologies Ltd jumped upto 2.7 percent, making a high of Rs. 7.17 per share compared to its previous closing price of Rs. 6.98 per share
What Happened
AGS Transact Technologies Ltd, engaged in providing end-to-end cash and digital payment solutions, including ATM/CRM outsourcing, cash management, and digital payment services, recently experienced a bulk deal in which New Berry Advisors sold 21.85 lakh equity shares, representing 1.70 percent of the company, at Rs. 6.88 per share on April 8.
About the Company
AGS Transact Technologies Ltd, established in 2002 and headquartered in Mumbai, India, is a leading provider of end-to-end cash and digital payment solutions, as well as automation technology. The company offers a diverse range of services, including ATM and cash recycler machine outsourcing, cash management, digital payment solutions, and merchant services.
Products and services offered
The company offers a range of products and services, including Banking Automation Solutions such as cash dispensers, CRMs, banking transaction terminals, note sorters, maintenance, upgrades, and spare parts. Additionally, it provides Other Automation Solutions like cash billing terminals, digital signage software, forecourt controllers, maintenance services, software customization, and automatic paint dispensers.
Revenue Mix
As per the company’s latest data, the company revenue breakdown is as follows: 81 percent from Payment Solutions, with 67 percent from Cash Payment Solutions and 14 percent from Digital Payment Solutions, 17 percent from Banking Automation Solutions and 2 percent from Other Automation Solutions, totaling 100 percent.
Financials
The company’s revenue declined by 44 percent, from Rs. 384.02 crore to Rs. 213.51 crore in Q3FY24-25. Meanwhile, the net profit worsened, increasing from a loss of Rs. 15.38 crore to a loss of Rs. 194.26 crore during the same period.
Written by Sridhar J
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.
