DelhiDesk Network People Services Technologies (NPST) has reported a net profit of INR 6.52 crore in FY23, a 337.58% increase from the previous year. This has led to an upper circuit of 5% on the NSE on both Thursday and Friday, with the stock closing at its 52-week high of INR 684.05. NPST has given an 830% return to its investors in the last year and gained 80% in the last three months. The company provides software and digital payment solutions to the banking and finance sector, with a focus on mobile banking applications, payment switch solutions, merchant acquiring platforms, and digital wallets. NPST is currently serving Canara Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Pvt Ltd, and Cosmos Co-operative Bank with a monthly transaction volume of INR 60 crores. However, experts advise investors to be cautious and avoid heavy investment at current levels due to the sudden price movement.
Follow DelhiBreakings on Google News
Here is the news bullets sorted by DelhiBreakings.com team.
👉 Network People Services Technologies (NPST) is a multibagger stock with excellent Q4FY 2022-23 results.
👉 The SME firm reported a net profit of Rs 6.52 crore in FY23, which is 337.58 per cent higher than the profit of Rs 1.49 crore in FY22.
👉 An upper circuit of 5 percent has been imposed on last Thursday and Friday due to the excellent quarterly results.
👉 The stock closed at Rs 684.05 on the NSE, which is its 52-week high. The market cap of this company is Rs 44,203.31 lakh.
👉 Network People Services Technologies has given 830% return to its investors in the last one year.
👉 In the last three months, the stock has gained 80% and given the highest returns compared to its peers.
👉 Manoj Dalmia, Founder and Director, Proficient Equities advises investors to be cautious and keep stop loss while investing in the stock.
👉 In FY23, the company registered a total revenue of Rs 41.13 crore, a growth of 111% on a year-on-year basis.
👉 The company’s EBITDA stood at Rs 12.37 crore with an annual growth of 226 per cent.
👉 The firm has registered a net profit of Rs 5.65 crore in H2 FY23, a growth of 549% as compared to Rs 0.87 crore in H2 FY22.
👉 NPST’s Evok API platform saw 879 lakh transactions with a transaction value of Rs 6,017 crore in FY23.
👉 The company has done 1,03,828 lakh TSP transactions in FY23 with a transaction value of Rs 17,72,200 crore.
👉 NPST provides software and digital payment solutions to the banking and finance sector, focusing on mobile banking applications, payment switch solutions, merchant acquiring platforms, and digital wallets.
👉 The company is serving Canara Bank, Kerala Gramin Bank, Karnataka Gramin Bank, IBM India Pvt Ltd, and Cosmos Co-operative Bank with a monthly transaction volume of 60 crores.
For superfast news and Delhi Breaking Stories visti us daily at https://delhibreakings.com
Something went wrong. Please refresh the page and/or try again.