1100% RETURNS! Rs 1 lakh become Rs 11 lakh in 3 years; BPM service provider sets up subsidiary in UK
sanjeev October 20, 2024 12:21 AM
Multibagger Stock: Several small and midcap stocks have demonstrated remarkable performance on the Dalal Street over the last few years, delivering multibagger returns and creating exceptional wealth for investors.
Among the numerous stocks that have turned into multibaggers by producing stunning returns is a Mumbai-based business process management (BPM) service provider. Listed on the NSE, the FII-backed smallcap stock has yielded an impressive returns of more than 375 per cent post sub-division and bonus issuance back in January 2022, as per data. During Friday's trade, the stock closed at Rs 64.40. Rs 1 Lakh become Rs 11 Lakh In a three-year period, the counter has sprinted 1,129 per cent. It means that if a person had invested Rs 1 lakh in the stock three years ago and stayed put, then the total value of investment would now have become Rs 11.29 lakh. The stock in the discussion here is One Point One Solutions. The company has now announced to expand its overseas presence by setting up a subsidiary in the UK. According to a regulatory filing, the subsidiary (One Point One Solutions UK Ltd) will serve as a holding company for future foreign subsidiary acquisitions in the business process management services stream. "...incorporated its wholly owned subsidiary named as One Point One Solutions UK Ltd, as a private limited company, having registered office situated in England and Wales," it read. Stock Split, Bonus Issue Incorporated in 2006, One Point One Solutions is a full-stack player in BPO, KPO, IT Services, Technology & Transformation and Analytics firm. The company came with a public offer (IPO) in 2017 and issued its shares at Rs 67 in the primary market. Five years later in January 2022, the company announced the sub-division of equity shares and then issued bonus shares. While the split had taken effect in the ratio of 5:1, meaning each stock of Rs 10 face value was split into 5 equities of Rs 2 each, the bonus was distributed in the ratio of 1:2 (one for two). From the IPO price (post adjustment of split and bonus), the counter trades at a huge premium of 800 per cent, as per data. According to the shareholding pattern as on September quarter, promoters owns majority stake in the BPM service provider at 51.92 per cent while 13.17 per cent equities rest in the hands of FIIs. The remaining 34.37 per cent of ownership lies with the non-institutional investors and DIIs. The company commands a market capitalisation of Rs 1,376 crore, as per NSE website.
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