Lower Circuit & 52-Week Low: Debt-Free Penny Stock Below Rs 65 Bags Order Worth Rs 5.05 Crore from Sree Charan Souhardha Cooperative Bank Ltd
The shares of the company have a PE of 17x, an ROE of 12 per cent and an ROCE of 16 per cent.
On Monday, shares of Trust Fintech Ltd hit a 2 per cent lower circuit to Rs 64.40 per share from its previous closing of Rs 65.70 per share. The stock also made a 52-week low of Rs 64.40 per share while its 52-week low is Rs 300.60 per share.
Trust Fintech Limited has secured a significant work order from Sree Charan Souhardha Co-Operative Bank Ltd for its TrustBank CBS on an ASP (Application Service Provider) Model. This domestic contract is for a period of five years, with an approximate order value of Rs 5.05 Crore. The agreement signifies the implementation and provision of TrustBank's core banking solution to SREE CHARAN SOUHARDHA CO-OPERATIVE BANK LTD, strengthening Trust Fintech's position in the financial technology sector.
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Trust Fintech Ltd, established in 1998, is a CMMI Level 5, ISO 9001:2015, and ISO 27001:2013 certified company providing software and allied services. Their business encompasses a wide range of solutions, including banking software, ERP implementation, custom software development, SAP B1, and offshore IT services. With advanced development centres in Nagpur, Pune, and Mumbai, Trust Fintech Ltd serves a global clientele and partner network spanning over 20 countries.
According to annual results, the company reported net sales of Rs 31.26 crore and net profit of Rs 9 crore. The company has a market cap of over Rs 150 crore with promoters holding 68.85 per cent stake and as of March 2025, it is debt-free. The shares of the company have a PE of 17x, an ROE of 12 per cent and an ROCE of 16 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.