Only Buyers: This multibagger SME stock generated returns of over 184 per cent in just one month!
Additionally, in just one year, it delivered its shareholders outstanding returns of over 400 per cent!
Indian domestic indices started the week on a brighter note, boosted by gains in information technology and power stocks. The indices were later dragged down by significant losses in the metal and telecommunications sectors.
Despite a sluggish market, Network People Services Technologies Ltd (NPST), a small and medium-sized enterprise (SME) stock, continued to entice investors with its uninterrupted upward trend. On an intraday basis on Monday, shares of Network People Services Technologies surged and locked at a 5 per cent upper circuit at Rs 361.85 per share on the NSE, setting a new 52-week high.
The stock has climbed to new highs in back-to-back sessions and has soared over 184 per cent in just one month. Additionally, in just one year, it delivered its shareholders outstanding returns of over 400 per cent, implying that a Rs 1 lakh investment made in this stock 1 year ago is now worth more than Rs 5 lakh! The company has a modest market capitalisation of Rs 233 crore.
Network People Services Technologies is an NPCI-approved third-party UPI solution provider that acquires merchants and provides payment applications to users in a variety of segments. The company is also a fintech partner to banks, acting as a technology service provider and offering certified digital payment solutions such as mobile banking, IMPS, Bhim UPI and wallet platform.
Keep a close eye on this scrip for the upcoming sessions!