Readers know it very well how and why we are a proponent of penny stock investing as an important part of overall portfolio investing strategy.
Today, we want to give a glimpse of 3iInfotech Ltd. The stock is trading below 10 rupees since past decade. The company has been surviving with all the troubles and losses since then maintaining its topline. It looks like, the perseverance of the company could be about to be paid as it is showing signs of generating profits. Also the IBC Code could help it to get sold or restructure its debts.
Recent Results Announcements:
Net Sales at Rs 91.48 crore in March 2020 up 21.52% from Rs. 75.28 crore in March 2019.
Quarterly Net Profit at Rs. 71.76 crore in March 2020 up 218.93% from Rs. 22.50 crore in March 2019.
EBITDA stands at Rs. 91.90 crore in March 2020 up 119.44% from Rs. 41.88 crore in March 2019.
3i Infotech EPS has increased to Rs. 0.48 in March 2020 from Rs. 0.14 in March 2019.
3i Infotech shares closed at 1.60 on May 27, 2020 (NSE) and has given -17.95% returns over the last 6 months and -56.16% over the last 12 months.
Penny stock investing is a risky concept and we have formed rules for the same. So please consider those before putting your money in penny stocks.