Microcap stock surges by 5% following Foreign Institutional Investor (FII) purchasing a stake worth over ₹6 cr
Microcap stock surges : MOS Utility Limited is a micro-cap stock that specializes in providing a Unified Open API and Wallet platform, offering a diverse array of B2B and B2C financial, utility, travel, insurance, and e-commerce services through an integrated digital platform. Recently, the stock experienced a 4.56 percent increase after forming a partnership with Rhiti Sports Group for online lotto ticket sales and undergoing a reshuffling of FII Stake.
Stock Price Movement
During Tuesday’s trading session, MOS Utility Limited’s shares surged to an intraday high of 4.56 percent from the previous closing price of Rs. 307. The stock opened at Rs. 313.85 and is currently trading at Rs. 312, with a high of Rs. 321 and a low of Rs. 300. The market capitalization now stands at approximately Rs. 777.99 crore.
Recent Developments
MOS Utility Ltd, in collaboration with Rhiti Sports Group’s Spacemantra Solutions, aims to revolutionize online lotto ticket sales in India. MOS will act as the master marketing agent, leveraging its extensive network and technology to ensure secure and convenient access. This initiative aligns with the “Digital India” vision, fostering job creation and transparency nationwide.
In addition, Albula Investment Fund, a Foreign Institutional Investor (FII), acquired 2.2 lakh shares of MOS Utility Limited at an average price of Rs. 306.99 per share. Simultaneously, Minerva Ventures Fund, another FII, divested an equal number of shares at Rs. 307 per share, resulting in a stake reshuffle.
Business Model and Services
MOS Utility Limited offers a comprehensive range of services, including banking, travel bookings, insurance, utility bill payments, and mobile or DTH recharges. The company’s MOS Seva Kendra initiative provides franchise opportunities, deploying one agent per locality to efficiently deliver services in both urban and rural areas.
Financial Performance
MOS Utility Limited’s revenue has increased from Rs. 84 crore in H1 FY24 to Rs. 92 crore in H1 FY25, which has grown by 9.52 percent. The net profit is down by 16.67 percent, from Rs. 6 crore in H1 FY24 to Rs. 5 crore in H1 FY25.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.