₹1.58 to ₹55: Penny stock One Point One Solutions turns multibagger. Rises 3400% in four years

One Point One Solutions Limited has emerged as a multibagger stock, with its shares witnessing a remarkable transformation from a penny stock to a small-cap stock listed on the NSE with a market cap of ₹1,184 crore. The company has delivered stellar returns in recent years, with its stock price surging from ₹1.58 apiece on 29th November 2019 to ₹55 apiece today, showcasing an impressive increase of around 3400 percent in just under four years.

Over the past month, One Point One Solutions’ share price has seen a notable 7 percent increase, rising from ₹51.95 to ₹55. In a span of six months, the stock has surged by nearly 40 percent, while over the course of a year, it has skyrocketed from ₹21.40 to ₹55, reflecting an impressive 160 percent rally. This growth is even more remarkable considering that the stock was valued at just ₹1.58 in November 2019, displaying a staggering 3400 percent increase.

In its Q4FY24 results, One Point One Solutions reported a net profit of ₹6.06 crore, marking 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. For the full fiscal year 2023-24, the company’s net profit stood at ₹22.37 crore, up from ₹8.76 crore in the previous fiscal year, indicating an annual growth of 155 percent.

The company also reported a total income of ₹42.61 crore in Q4FY24, reflecting a YoY increase of approximately 11 percent. For the full fiscal year, the total income grew from ₹165.96 crore to ₹144.20 crore, showcasing an annual growth rate of around 15 percent.

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