Up 850% return in 1 year! SME multibagger stock hit 52-week high post FY23 results

SME firm Network People Services Technologies (NPST) reported a net profit of INR6.52 crore ($870,000) in the last financial year, a significant rise of 337.58% YoY. This coincided with a share price rise of 5% to INR651.50, its 52-week high, in Thursday’s trading session. The company’s revenues for the year totalled INR41.13 crore, while EBITDA reached INR12.37 crore, both a substantial YoY increase. NPST delivered more than 800% returns for investors over the past year on high demand for its software and digital payment solutions.