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Multibagger IT stock hits 52-week high; market cap crosses Rs 1,500 crore

Multibagger IT stock hits 52-week high; market cap crosses Rs 1,500 crore

Multibagger stock: Expleo Solutions stock zoomed 12.17% to a high of Rs 1563.85 on BSE in early trade. Expleo Solutions stock opened 3.93% higher at Rs 1449 today against the previous close of Rs 1394.15 on BSE.

An amount of Rs 1 lakh invested in the shares of Expleo Solutions three years ago would have turned into Rs 8.62 lakh today. In comparison, Sensex has risen 93 per cent during the period. An amount of Rs 1 lakh invested in the shares of Expleo Solutions three years ago would have turned into Rs 8.62 lakh today. In comparison, Sensex has risen 93 per cent during the period.

Shares of multibagger Expleo Solutions Ltd hit a fresh 52-week high in an otherwise weak market today. The small cap stock zoomed 12.17% to a high of Rs 1563.85 on BSE in early trade. Expleo Solutions stock opened 3.93% higher at Rs 1449 today against the previous close of Rs 1394.15 on BSE. The stock of the firm, a part of the Expleo Group, a global engineering, technology and consulting service provider, has rallied over 700% in the last three years. The smallcap stock, which closed at Rs 181.3 on May 29, 2020 rose to a high of Rs 1563.85 on the BSE today (May 31, 2023). An amount of Rs 1 lakh invested in the shares of Expleo Solutions three years ago would have turned into Rs 8.62 lakh today. In comparison, Sensex has risen 93 per cent during the period.

In terms of technicals, the relative strength index (RSI) of the Expleo Solutions stock stands at 48.7, signaling it's neither trading in the overbought nor in the oversold zone. Expleo Solutions shares have a beta of 0.7, indicating low volatility in a year. Expleo Solutions shares are trading higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

The stock of the IT services firm has risen 12.58% in one year and gained 23% since the beginning of this year. The share has climbed 10.63% in a month. Total 0.11 lakh shares of the firm changed hands amounting to a turnover of Rs 1.70 crore on BSE. Market cap of the firm rose to Rs 1,518.19 crore on BSE.

One promoter held 56.17 per cent stake in the firm and 20,670 public shareholders owned 43.83 per cent for the quarter ended March 2023. Of these, 19438 public shareholders held 24.48 lakh shares or 23.88% stake with capital up to Rs 2 lakh. Only 10 shareholders with 4.05% stake held capital above Rs 2 lakh for the quarter ended March 2023. 496 NRIs held 1.89% stake or 1.93 lakh shares in Q4 of the last fiscal.

Financial Performance

In the March 2023 quarter, the firm reported a 42.6% rise in profit at Rs 29 crore against Rs 20.3 crore profit in the corresponding quarter of previous fiscal. Sales rose 18.2% to Rs 231.1 crore in the March 2023 quarter against Rs 195.5 crore in the March 2022 quarter.

Total income climbed 16.7% to Rs 234.9 crore in Q4FY23 compared to Rs 201.4 crore in Q4FY22. Basic EPS stood at Rs 18.73 in Q4 compared to Rs 14.01 for Q4FY22, reflecting a growth of 33.7%. The company’s board recommended a final dividend of Rs 5/-per equity share of Rs. 10/ - each (50%) for the financial year ended March 31, 2023 to the shareholders. The firm announced its earnings on May 26, 2023.

About the Company

Expleo Solutions Limited is part of the Expleo Group, a global engineering, technology and consulting service provider that partners with leading organisations to guide them through their business transformation, helping them achieve operational excellence and future-proof their businesses.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: May 31, 2023, 3:24 PM IST
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Expleo Solutions Ltd
Expleo Solutions Ltd