One of the micro-cap stocks engaged in providing a Unified Open API and Wallet platform, offering a wide range of B2B and B2C financial, utility, travel, insurance, and e-commerce services through an integrated digital platform. The stock has jumped 4.56 percent after partnering with Rhiti Sports Group for online lotto ticket sales and reshuffling FII Stake.
Stock Price Movement
In Tuesday’s trading session, MOS Utility Limited’s share jumped to an intraday high of 4.56 percent from the previous close of Rs. 307. The stock opened at Rs. 313.85 and is currently trading at Rs. 312, with a high of Rs. 321 and a low of Rs. 300. The market capitalization now stands at approximately Rs. 777.99 crore.
What is the news?
MOS Utility Ltd, through its subsidiary MOS LOG Connect, has partnered with Rhiti Sports Group’s Spacemantra Solutions to revolutionize online lotto ticket sales in India. MOS will serve as the master marketing agent, using its vast network and technology to ensure secure and easy access. This initiative supports the “Digital India” vision, creating jobs and promoting transparency nationwide.
Another news for MOS Utility Limited is that Albula Investment Fund, a Foreign Institutional Investor (FII), acquired 2.2 lakh shares at an average price of Rs. 306.99 per share. Meanwhile, Minerva Ventures Fund, another FII, sold an equal number of shares at Rs. 307 per share, indicating a stake reshuffle.
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Business Model and Services
The company offers a wide range of services, including banking, travel bookings, insurance, utility bill payments, and mobile or DTH recharges. MOS Utility Limited’s MOS Seva Kendra initiative creates franchise opportunities, placing one agent per locality to deliver services effectively across urban and rural areas.
Recent financial results
MOS Utility Limited’s revenue has increased from Rs. 84 crore in H1 FY24 to Rs. 92 crore in H1 FY25, which has grown by 9.52 percent. The net profit is down by 16.67 percent, from Rs. 6 crore in H1 FY24 to Rs. 5 crore in H1 FY25.
Written By – Nikhil Naik
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