52-WEEK HIGH! 1:2 BONUS ISSUE, 10:1 STOCK SPLIT; SHARES OF MUMBAI-HEADQUARTERED COMPANY HITS A YEAR HIGH

Stock Market Today: One Point One Solutions share price hit the fresh 52-week high in Friday's trading session to touch the new high of Rs 77 apiece today. The counter climbed 9.06 per cent from its previous close of Rs 70.60 per share on the NSE. The scrip is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages, outperforming the sector by 6.39 per cent.

The Pune-headquartered company offers Business Process Management (BPM) services. A total of 111.77 lakh shares changed hands today of One Point One Solutions generating a total turnover of Rs 82.35 crore. The company has a market cap of Rs 1,608.53 crore, as per BSE website. The shares of the company have a PE of 65.92x.

The company serves industries such as e-commerce, retail, consumer durables, FMCG, banking/finance, travel, hospitality, and insurance. It has service centres in Navi Mumbai, Gurgaon, Chennai, Bangalore, and Indore.

Earlier in February, the company announced acquisition of a majority stake in rival firm ITCube Solutions for Rs 84 crore. ITCube is an IT and BPM/KPO services firm headquartered in Pune and Cincinnati in the US, the Navi Mumbai-based One Point One Solutions said in a statement. The acquisition will enable One Point, founded in 2006 by Akshay Chhabra, to expand its current verticals, including healthcare and offerings in IT services, the statement added.

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2024-07-05T15:13:14Z dg43tfdfdgfd