Shares of One Point One Solutions Surged 5%; Here's Why

New Delhi: One Point One Solutions surged around 5 per cent on Wednesday i.e. February 21. The stock opened at Rs 62.70 and jumped 4.98 per cent to touch the day's high of Rs 65.30. Shares of One Point One Solutions, a micro cap IT solutions company with a market cap of around Rs 1380 crore, have a 52 week high of Rs. 70 while a 52 week low of Rs. 15.

Shares of One Point One Solution have given returns of 145 percent to investors in the last 6 months from a low of Rs. 26, while in the last 1 year they have given returns of 298 percent from a low of Rs. 16.

Recently, One Point One Solution has informed the stock market that in the third quarter of the current financial year, the total income of the company has increased by 18.5 percent and has crossed Rs 42 crore.

In January, The company board of One Point considered and approved the conversion of 2,00,001 convertible warrants into 2,00,001 equity shares with a face value of Rs 2 each, on preferential basis, upon receipt of an amount aggregating to Rs 42,48,021.24 at the rate of Rs 21.24 per warrant, being 75 per cent of the issue price per warrant, said the company in the exchange filing.

One Point One Solutions is specialized in the business of customer life cycle management, business process management and technology servicing. The company provides solutions to a wide variety of industries including banking and finance, telecom, insurance, consumer durables and FMCG, e-commerce, retail, and more.