This Penny Stock Has Gained 5433%; Forays To Offer Tech-powered Infrastructure Solution

Cressanda Solutions Limited (Cressanda Solutions) is an India-based company engaged in providing information technology (IT), digital media and IT enabled services. The company's scrip listed on the BSE was priced at just below Rs. 1 a year ago and now have gained massively by as much as 5433%. On a YTD basis also, in a volatile market, the stock is up by over 422%.

Cressanda Solutions forays into large government infrastructure services business

The company has entered into an agreement with a Large institutional client for providing tech-powered infrastructure solutions towards unaddressed
passenger experience in India. The company is poised to innovate, design and deliver large business projects with technology and software services at its core. The software services include development of business applications, data Sciences, cloud, migration, business process optimization, digital media, technology implementation & maintenance services.

Q4fy22 results:

The company is a debt free entity and has a net income of Rs. 0.27 crore and its total revenue is at 0.52 crore. Over the last 5 years, revenue has grown at a yearly rate of 24.57%, vs industry avg of -4.35%.

 

Fundamentals of the company

The company is commanding a high valuation as against the negative PE of the industry. RoE is not very promising as of now. The promoter holding in the company is barely at 0.1%. As per analyst there is not much promising outlook for the stock given the volatile market and fundamentals.

Disclaimer:

The stock is mentioned just for its good returns over the last 1 year period, nevertheless it is not a recommendation to buy into the scrip.