Shares of this small-cap IT company appreciated by 200% in the last 1 year!

Shares of this small-cap IT company appreciated by 200% in the last 1 year!

by 5paisa Research Team Last Updated: Sep 07, 2023 - 05:09 pm 554 Views
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An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 3 lakh today.

Cressanda Solutions Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last one years. During this period, the company’s share price has jumped from Rs 8.77 on 07 March 2022 to Rs 26.23 on 03 March 2023, an increase of 200% in the last one year.

An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 3 lakh today.

Quarterly performancz highlights

In the recent quarter Q3FY23, on a standalone basis, the company’s net revenue increased by 12.18% QoQ to Rs 23.45 crore. Similarly, the bottom line increased by 2.36% QoQ to Rs 1.30 crore.

The company is currently trading at a TTM PE of 297x, as against the industry PE of 28.71x. The company is a constituent of Group A stocks and commands a market capitalization of Rs 1060 crore.

Share price movement 

Today, the scrip of Cressanda Solutions Ltd opened at Rs 26.23 and has touched a high and low of Rs 26.99 and Rs 25.60, respectively. So far 1,13,606 shares have been traded on the bourses.

At 12.57 pm, the shares of Cressanda Solutions Ltd were trading at Rs 26, a decrease of 0.88% from the previous closing price of Rs 26.23 on BSE. The stock has a 52-week high & low of Rs 51.20 and Rs 8.12 respectively on BSE.

Company Profile

Established in 1983, Cressanda Solutions Limited aims at helping businesses create the future, catalyse change, and deliver results. The company focuses on building a network of diverse companies, firms, and individuals of varied expertise and experience across the globe.

Cressanda Solutions Ltd offers a host of IT, Digital Media and IT Enabled services. Cressanda is a software development company that provides middleware products, systems integration services and bespoke software solutions.

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