Debt-Free Penny Stock Below Rs 70 Jumps After Receiving Order Worth Rs 1,51,70,000 from The Gadchiroli District Central Co-op Bank Ltd

On Thursday, shares of Trust Fintech Ltd jumped 9.80 per cent to Rs 65.50 per share from its previous closing of Rs 59.65 per share. The stock has a 52-week high of Rs 300.60 per share and its 52-week low of Rs 54.30 per share. The stock is up over 20 per cent from its 52-week low of Rs 54.30 per share.

Trust Fintech Ltd has secured a domestic purchase order valued at Rs 1,51,70,000 from The Gadchiroli District Central Co-op Bank Ltd. Under this contract, Trust Fintech will be responsible for the supply, implementation, configuration, testing, maintenance, and procurement of an Internet Banking Solution with transaction facilities for the bank's customers. The project is expected to be executed within four weeks.

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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 centers in Nagpur, Pune, and Mumbai, Trust Fintech Ltd serves a global clientele and partner network spanning over 20 countries.

According to annual results (FY25), 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, its 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.