Brokerage gives buy call on this BPM services provider - Check price target

Shares of One Point One Solutions Limited, a homegrown provider of technology-enabled business process management (BPM) services, gained over 4 per cent on Thursday. The counter opened at Rs 58 and gained 4.57 per cent to touch the day's high of Rs 60.55. Last seen the counter was trading at Rs 59.85.

Shares of One Point One Solutions Limited have given a positive return of more than 8 per cent to investors in the last 5 days and have surged 16 per cent in one 1 month. The counter has gained 21 per cent returns in 6 months. The shares of the company have given a multibagger return of 830 per cent to the investors from the level of Rs 6.50 on May 24, 2019.

Meanwhile, brokerage firm Share India Securities has given a buy call on the stock of One Point One Solution with a target price of Rs 120. According to the brokerage, the shares can give up to 100 per cent return.  

"One Point One Solutions Ltd (OPOS), a prominent leader in the BPM sector catering to BFSI, Retail, New Age, and Fintech clients, is poised for substantial growth with its robust workforce of 5,600 individuals. We firmly believe that OPOS possesses the capability to effectively utilize its highly skilled and experienced management team to establish customer-centric enterprises of the future. Their recent strategic acquisition of ITCUBE Solutions aligns seamlessly with their vision to expand beyond BPM into other IT services and diversify their client base," the brokerage firm said in its reports. 

Meanwhile, benchmark equity indices climbed in early trade on Thursday amid buying in blue chips Larsen & Toubro and Reliance Industries.

The 30-share BSE Sensex climbed 41.65 points to 74,262.71 in early trade. The NSE Nifty went up by 20.1 points to 22,617.90.

The BSE benchmark later traded 225.06 points higher at 74,456.44 and the Nifty quoted with a gain of 77.50 points at 22,675.30.

Among the Sensex firms, Larsen & Toubro, Asian Paints, Axis Bank, State Bank of India, Reliance Industries, Wipro, Titan and Bharti Airtel were the major gainers.