Dark horse stocks of the day: One Global Service Provider jumps 20% today

The shares of One Global Service Provider Limited witnessed a significant surge today. The stock commenced trading at Rs 43.78, 9.5% up from the previous day’s closing price of Rs 39.99. During the intraday session, the stock exhibited a remarkable 19.98% surge accompanied by a significant trading volume. 

One Global Service Provider Ltd was established in 1992, and it operates in the healthcare services and related sectors. 

Upon scrutinising today’s share volumes, it becomes apparent that there has been a substantial increase of over 4.8 times in trading volumes compared to its average volumes on the BSE. As of writing this article, the shares of the company are up by Rs 7.99, which is 19.98%, and are trading at Rs 47.98 each on the BSE.  

The stock’s 52-week high and low are Rs 48.85 and Rs 27.10, respectively. Possessing a market capitalisation of a mere Rs 34.09 crore, the stock has showcased outstanding performance in recent periods, yielding a 47% return in a week and multibagger return of 2100% in the last three years.  

Financial Performance 

In the June quarter of FY24, the company’s revenue from operations experienced a significant increase of 499% YoY, going from Rs 2.09 crore to Rs 12.52 crore. The operating profit of the company increased from Rs 0.19 crore to Rs 1.36 crore, and on a sequential basis, it increased from Rs 0.51 crore to Rs 1.36 crore. The operating profit margin stood at 11%. 

Meanwhile, the net profit of the company amounts to Rs 0.98 crore, against a profit of Rs 0.44 crore in the last March quarter of FY23. 

The company’s return on capital employed (ROCE) and return on equity (ROE) are at 19.7% and 20.9%, respectively. The book value of the company is Rs 10.3, which means the stock is trading at a price-to-book value of 4.8 times in the market, whereas the price-to-earnings ratio is 15.3 times. 

Here is the chart presentation of the company’s shares on the monthly time frame 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.