Penny stock under Rs 50: R S Software (India) reports a 130% increase in net sales!

R S Software (India) Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). On a consolidated basis, the company has reported a 136% rise in its net profit at Rs 1.41 crore for the quarter ended June 30, 2023, as compared to a loss of Rs 4.05 crore for the same quarter in the previous year. The total income of the company increased by 126.76% at Rs 11.13 crore for Q1FY24 as compared to Rs 4.91 crore for the corresponding quarter previous year. 

Shares of R S Software (India) Limited have given multibagger returns during the last one year. The shares of the company jumped from Rs 16.65 on July 31, 2020, to Rs 40.20 on July 25, 2023, an increase of about 140% in a three-year holding period. 

R S Software (India) Limited is predominantly engaged in software development, maintenance, testing, and software project management under client-server and web-based technologies. The company provides Real-Time Payments -RS Digital edge (API-based digital layer which can integrate seamlessly with underlying instant payment or faster payment), RS Intelliedge – Banks (Integrated fraud and risk management), etc. 

Today, the stock opened at Rs 40.90, with a high and low of Rs 40.90 and Rs 39.69. The stock closed trading at Rs 39.69, down by 1.98%. In the last one year, the stock has given about 41% return, while in the last six months, the stock has gained about 70%.    

The stock has a 52-week high of Rs 42.16 and a 52-week low of Rs 21.16. The company has a market capitalisation of Rs 101 crore. 

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.