₹1.58 to ₹55: Penny stock One Point One Solutions turns multibagger. Rises 3400% in four years
Multibagger stock: One Point One Solutions Limited shares have undergone a remarkable transformation, evolving from a penny stock to a small-cap stock listed on the NSE with a market cap of ₹1,184 crore. This journey is a testament to the stellar returns the company has delivered in recent years, with the stock rising from ₹1.58 apiece on 29th November 2019 to ₹55 apiece today, a staggering increase of around 3400 per cent in nearly four years. Over the past month, One Point One Solutions' share price has surged from ₹51.95 to ₹55, marking a notable 7 percent increase.
In a span of six months, the NSE-listed stock has seen a substantial rise of nearly 40 percent. The stock's performance over the year is even more impressive, with its share price skyrocketing from ₹21.40 to ₹55, reflecting a remarkable 160 percent rally. To put this into perspective, the stock was valued at a mere ₹1.58 on 29th November 2019, indicating a staggering 3400 percent increase in just under four years.
One Point One Solutions Ltd, a small-cap company, recently announced its Q4FY24 results. The company's net profit for this period stood at ₹6.06 crore, a significant increase from the ₹2.95 crore reported in the same period of the previous financial year. This translates to a remarkable 105 percent year-on-year growth in the company's net profit.
In FY24, the company's net profit stood at ₹22.37 crore, up from ₹8.76 crore in the previous fiscal year. This means the company's net profit registered an annual growth of 155 percent in the recently ended the financial year 2023-24. One Point One Solutions Ltd reported a total income of ₹42.61 crore in Q4FY24, marking a YoY increase of approximately 11 percent.
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