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Bartronics India: a stock which took off post demonetisation

The move of demonetisation which was welcomed unevenly by different sectors has been embraced well by the stock of the company. The share of the company is trading with positive gains and has reached upper circuit on December 9.

Bartronics India provides information technology (IT) services and business solutions. The company provides Automatic Identification and Data Capture (AIDC) solutions. It manufactures Smart Cards and Radio Frequency Identification (RFID) equipments, and caters to financial inclusion projects and services. Its services include application development, application management, enterprise solutions, IT infrastructure management and strategic sourcing.

Company provides AIDC solutions which is the big trigger to the stock as the economy has gone cashless, catalysing the cashless transaction and the use of debit and credit cards, thereby enhancing the company's business. The shares of the company since demonetisation have rallied over 41 per cent. In the last six months, the shares have surged by 131 per cent.

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