How we Made a 57% Profit in Less Than a Year by Investing in DATAMATICS.
If you are looking for a stock that has delivered stellar returns in the past year, you might want to check out DATAMATICS LTD, a leading company in the small cap IT industry. We had identified this stock as a potential winner and added it to our BOLD portfolio at around 280 levels in June last year.
Since then, the stock has more than doubled in value and has given me a handsome profit of 57% in less than a year.
What attracted me to this stock was its strong fundamentals, consistent growth, and competitive edge. The company has been growing its revenue and profit at a healthy rate for the past few years, driven by higher demand, improved efficiency, and cost optimization. The company has also been investing in innovation and technology to enhance its product portfolio and customer experience. The company has a loyal customer base and a strong brand reputation in the market.
The latest quarterly results were impressive and beat market expectations. The company reported a 30.91% rise in profit to Rs 59.72 crore in Q4 FY 2023 against Rs 45.62 crore profit in the corresponding quarter of the previous fiscal. The revenue rose 32.9 per cent year-on-year (YoY) to Rs 416.28 crore against the revenue of Rs 313.30 crore in the March quarter of FY 2022. The management also gave a positive outlook for the future and announced a dividend hike.
As a result, the stock soared to a new high of 441 today, giving our investors a 57% profit in less than a year. I believe that this has a lot more potential to grow and we will continue to hold this stock in my portfolio for the long term.
If you are looking for a stock that can give you similar returns, you might want to consider DATAMATICS as an option.
But remember, do your own research before investing and don’t invest more than you can afford to lose or subscribe to our smallcase and let us deal with the hassle of picking such stocks !