Quicktouch Technologies, a small-cap stock, has witnessed a significant surge of over 9% in its share price following the allotment of nearly 32 lakh shares to promoters and the public. This uptick in stock value is attributed to the company’s strategic decisions and innovative initiatives announced recently. The shares opened at ₹153, quickly climbing to ₹159.50 during morning trade, reflecting strong investor interest.
Small Cap Stock 2024
The board’s recent approval of green energy initiatives and a partnership with Srikaya Foundation to support startups further enhances the company’s growth prospects. The share allotment has bolstered the company’s equity base, increasing its paid-up capital and reflecting confidence from its promoters. With a current market capitalization of ₹96.57 crore, Quicktouch is well-positioned to leverage its initiatives in renewable energy and entrepreneurial support.
Small Cap Stock Performance Overview
| Performance Indicator | Value |
| Stock Price Opened At | ₹153 |
| Highest Price Reached | ₹159.50 |
| Percentage Increase | 9.2% |
| Previous Close Price | ₹146 |
| Total Shares Allotted | 31,72,200 |
Small Cap Stock Share Allotment Details
| Allotment Category | Shares Allotted |
| Promoter Group | 10,00,000 |
| Public Category | 21,72,200 |
| Issue Price Per Share | ₹144 |
| Total Amount Raised | ₹45.67 crore |
Small Cap Stock Market Capitalization
| Market Metric | Value |
| Current Market Capitalization | ₹96.57 crore |
| Paid-Up Equity Capital | ₹9,81,59,960 |
| Number of Shares Outstanding | 98,15,996 |
| 52-Week High Price | ₹274 |
| 52-Week Low Price | ₹105 |
Small Cap Stock Future Initiatives
| Initiative | Details |
| Green Energy Project | Installation of solar panels |
| Collaboration with Srikaya | Incubation centre for startups |
| Initial Funding | ₹10 crore for setup |
| New Product Launch | Digital Yodha application |
Small Cap Stock Growth Strategies
| Strategy | Description |
| Renewable Energy Solutions | Focus on sustainable energy |
| Market Expansion | Strengthen channel partnerships |
| Product Diversification | Enhance product range |
| Technology Support | Business mentorship for startups |
Small Cap Stock Share Performance History
| Date | Share Price |
| September 24, 2024 | ₹146 |
| September 25, 2024 | ₹159.50 |
| October 26, 2023 | ₹274 (52-week high) |
| June 6, 2024 | ₹105 (52-week low) |
Small Cap Stock Investor Sentiment
| Sentiment Indicator | Value |
| Retail Investor Subscription | 0.03 times |
| Non-Institutional Subscription | 0.03 times |
| QIB Subscription | Not yet available |
| Market Reaction | Positive |
Small Cap Stock Strategic Partnerships
| Partner | Focus Area |
| BIR Foods & Restaurants | Promoter equity |
| Genius Townships | Promoter equity |
| Srikaya Foundation | Startup incubation |
Small Cap Stock Financial Overview
| Financial Metric | FY22 | FY23 | FY24 |
| Profit | ₹11 crore | ₹32 crore | ₹39 crore |
| Revenue | Not specified | Not specified | ₹3,083 million |
| EBITDA | Not specified | Not specified | ₹585 million |
| PAT | Not specified | Not specified | ₹391 million |
Small Cap Stock Historical Price Movement
| Month | Price Change |
| September | 26% decrease year-to-date |
| August | 18.11% increase |
| July | 83.83% increase |
| Year-to-Date | 26% decrease |
Small Cap Stock Analyst Recommendations
| Analyst Name | Recommendation |
| Sagar Shetty | Positive on growth prospects |
| Arun Kejriwal | Apply for listing gains |
| General Consensus | Fair valuation |
Small Cap Stock New Product Launch
| Product Name | Description |
| Digital Yodha | Channel partner application |
| Purpose | Enhance business development |
Small Cap Stock Shareholding Pattern
| Shareholder Type | Percentage |
| Promoters | Significant stake increase |
| Public | Majority of the allotted shares |
Small Cap Stock Market Outlook
| Outlook | Comment |
| Short-term | Positive reaction expected |
| Long-term | Growth potential in renewables |
Small Cap Stock Summary
Quicktouch Technologies has experienced a notable increase in share price following a recent allotment of shares to promoters and the public. The company is also embarking on green energy initiatives and partnerships to support startups, enhancing its growth trajectory. With a market capitalization of ₹96.57 crore and a strategic focus on sustainability and innovation, Quicktouch appears well-positioned for future success.
Disclaimer
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