IT Stock Soars 339% In 1-Yr: Small Cap Stock Gains On New Order Win, Q3 Net Up 280%

Small cap company Ceinsys Tech Ltd shares rallied 5.77% intraday today after the company won new order from Fugro USA Land Inc. Last trading price of Ceinsys Tech shares on BSE is Rs 598.05 apiece on BSE.

Ceinsys Tech shares gained 74% in last 3-months only and zoomed 199% in last 6-months. Check details related to orders, financials, and shares performance below:

Ceinsys Tech Receives New Order: As per the regulatory filing of the company dated Feb 22, "With reference to our letter dated 21st February, 2024, intimating about the receipt of Service Order from Fugro USA Land Inc, 13501 Katy Fwy, Suite 1050, Houston, TX 77079, we wish to clarify that Ceinsys Tech Limited has received Service order from Fugro USA Land Inc for Extraction of all assets for 15581 miles of New Mexico 2023/2024 Lidar project amounting to Rs. 5,26,28,995/- (Rupees Five Crore Twenty Six Lakhs Twenty Eight Thousand Nine Hundred Ninety Five Only). In the earlier letter dated 21st February, 2024, we inadvertently missed to mention the Currency type. The project amount mentioned is in INR."

Ceinsys Tech Shares Performance & Return: The 52-week high price of Ceinsys Tech shares on BSE is Rs 604.70 apiece and 52-week low price is Rs 116.25 apiece, respectively. The company has a market capitalisation of Rs 922.87 crore. Ceinsys Tech shares 36% in last 2-weeks, rallied 339% in last 1-year, soared 249% in last 2-years, and offered return of 360% in last 3-years. The company has a PE of 46.16 and EPS 12.96. ROE is 11.03.

Ceinsys Tech Financials: The company for the quarter ended December 2023 declared its net profit soared 280.88% to Rs 10.36 crore as compared to Rs 2.72 crore in the corresponding quarter of last fiscal. The company announced its sales surged 20.14% to Rs 62.58 crore for the quarter ended December 2023 as against Rs 52.09 crore in the similar quarter of last year. EPS of Ceinsys surged to Rs 4.55 in December 2023 from Rs 0.74 in December 2022.

Ceinsys Tech About: Ceinsys Tech Limited is a technology-driven organization that specializes in offering solutions in the Geospatial, Enterprise & Engineering and mobility services space for a global clientele.

Disclaimer: The stock highlights the shares rally and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.