Stock market today: NSE SME stock One Point One Solutions is one of the multibagger stocks that Indian stock market has produced in 2023. In Year-to-Data (YTD0) time, this SME stock has increased from around. ₹16 to ₹47.50 per share levels, delivering around 200 percent return to its position shareholders in YTD. However, it seems that the NSE listed stock still has some steam.
The stock price of One Point One Solutions opened today and continued to hit an intraday high of ₹47.50 per, touching a 20 percent upper circuit and a new lifetime high. The SME stock has been in an uptrend for nearly a fortnight as it has rallied from around ₹32 to ₹47.50 po levels in the last two weeks, giving about 50 percent return in such a short time.
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News from One Point One Solutions
The company is in news today for incorporation of its wholly owned Singapore subsidiary – One Point One Singapore Pte. Ltd. One Point One Solutions Ltd acquires this wholly owned subsidiary for the business development of the patent company’s products and services in a foreign market. After this merger, 100 percent of the One Point One Singapore Pte Ltd will be held by One Point One Solutions Ltd.
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One Point One Solutions Ltd informed about the incorporation of its wholly owned Singapore subsidiary citing, “ONE POINT ONE SINGAPOREPTE. LTD. has been incorporated as a wholly owned subsidiary of ONE POINT ONE SOLUTIONS LTD. for Business development of the parent company’s products and services in foreign market. .”
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One Point One Solutions Ltd said that incorporation of its Singapore subsidiary has received approval from the Accounting and Corporate Regulatory Authority (ACRA) of Government of Singapore.
One Point One Solutions share price history
In the last month, this SME stock has delivered over 35 percent returns to its shareholders while in the last six months, this NSE listed stock has increased by 115 percent. In YTD time, this multibagger SME stock has given around 200 percent return while in last five years, it has risen by 500 percent.
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The SME stock is available for trading only on NSE and its market cap is Rs 928 crore. Its current trading volume is 34.77 lakh and around two and a half hours of trading is still left today. Its a 52 week high if ₹47.50 while its 52-week low is ₹14.25 per share.
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Updated: 20 Nov 2023, 13:28 IST