Stock To Watch: eMudhra Up 34% in 1 Month, 17% Up Intra Day: See Why To Invest

The share price of eMudhra is on the verge of sharp gain this month, and it has again reached a fresh 52-week high. The company in Q1FY23 reported a 44% YoY gain and 27% QoQ gain in its consolidated (PAT) profit after tax t Rs. 13.71 crore. EBITDA margin has been stable at 40.1% in Q1FY23, while it was reported at 40.6% in Q4FY22. Additionally, its operating revenue was up by 15% YoY and up 21.7% QoQ at Rs. 52.22 crore. Higher contribution from Enterprise Solution business and operational efficiencies have been the key reasons behind this healthy performance.

Stock to Buy: NSE performance

The current market price of eMudhra stood at Rs. 333.20/share on NSE, gaining by 16.81%, till last traded. In the last 5 days, the share price of this company has gained by 33.98% on NSE, and in the last 1 month, its share price has surged by 39.12%. In the past 6 months, its stock price has hiked by 29.20%. Additionally, in the last 5 years its stock price gained by 30.05%. So, watching both the long-term and short-term gain, investors can look out for this stock for investment.

Market capitalization	Current market price	5 days performance	1 Month performance
Rs. 2,569 crore	Rs. 333.20	33.98%	39.12%

The 52-week high level of this stock is Rs. 336.00, and the 52-week low level of this stock is Rs. 236.30.

eMudhra: company

The company is the largest licensed certifying authority in the digital signature certificates market and has been directly recognized by Microsoft, Mozilla, and Apple. The company helps enterprises large and small build seamless digital and paperless experiences with their clients for data and document movement through a combination of our document processing automation, AI, and data security platforms while leveraging our global trust services infrastructure.

Disclaimer

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