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HomeSTOCKSIn Board Meeting ₹201 Share Approved New Acquisition; Target Price After Acquisition

In Board Meeting ₹201 Share Approved New Acquisition; Target Price After Acquisition

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Quicktouch Technologies Ltd (NSE – SM: QUICKTOUCH): Quicktouch Technologies Limited: On Friday, the final trading day of this week, at 11:38 AM, BSE Sensex had risen by 1019 points to 73523. 

Nifty was at 22,286 when the 303-point rise was observed. Tata Steel shares were up about 5 percent in the first trading session of the stock exchange, while Apollo Hospital shares were down by 1 percent. 

The impressive GDP numbers for the fourth quarter last year sparked a surge in the stock market.

Even during a boom in the stock markets, Quick Touch Technology shares were weakening. They were trading at Rs 201.20 and had a fall of 1.57 percent with a weakness by Rs 3.21.

Shares of Quick Touch Technology have been down over the last few days. Quick Touch Tech’s 52-week high is Rs 274, while its 52-week low is Rs 92. 

Quick Touch Technology spends less than one percent of operating revenue, which is around Rs 116 crores, on interest.

Quick Touch Technology announced to the stock exchange that its board of directors met on February 29 and approved a plan to buy a stake in Graneau FZE. 

It is a UAE-based company. QuickTouch Tech’s board of directors has revealed its plans to invest in Greneau FZE.

Also, the company rejected Pinnacle’s acquisition plan. In a board meeting held on 5 January, the company approved a plan to purchase a 30 percent stake in Pinnacle Group FZ LLC.

Greneau FZE, a UAE-based company, is engaged in refurbishing and recycling electronic products. 

The company plans to complete the acquisition before next year’s financial year. The 52-week low has seen investors return over 250 percent.

About Quicktouch Technologies Ltd Company 

Quicktouch Technologies Limited, an IT company, is based in India. The company offers IT Product or Software Development, Software Commercial Training and Consulting Services as well as Web designing. 

Service offerings include experience design, content and software engineering, digital accelerations, data management and analytics, cloud adoption, data management and data analysis, and data management. 

The Web design services include iOS App or Android or Mobile application development, website redesigning or redesigning, and web hosting services. 

The company is in the business enterprise resource planning, mobile applications, and school management software. 

The company offers services in automotive, financial, banking, insurance and healthcare, life sciences, and communications. 

The company’s total operating revenue is approximately Rs 87.86 Crores and its equity capital is around Rs 4.25 Crores.

Fundamental Analysis of Quicktouch Technologies Ltd

Market Cap₹ 116 Cr.
Current Price₹ 200
52-wk High₹ 274
52-wk Low₹ 92.0
Stock P/E16.6
Book Value₹ 44.5
Dividend0.00 %
ROCE86.8 %
ROE74.5 %
Face Value₹ 10.0
P/B Value4.50
OPM10.4 %
EPS₹ 14.3
Debt₹ 21.4 Cr.
Debt to Equity0.83

Quicktouch Technologies Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹212₹254
2025₹260₹286
2026₹300₹323
2027₹354₹386
2028₹405₹454
2029₹468₹500
2030₹523₹588
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Quicktouch Technologies Ltd Shareholding Pattern

Promoters Holding
Apr 202365.74%
Sept 202365.74%
Dec 202365.74%
FII Holding
Apr 20230.10%
Sept 20230.00%
Dec 20230.00%
Public Holding
Apr 202334.15%
Sept 202334.25%
Dec 202334.26%
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Quicktouch Technologies Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1 Cr
2020₹ 3 Cr
2021₹ 7 Cr
2022₹ 25 Cr
2023₹ 114 Cr

Last 5 Years’ Net Profit:

2019₹ 0 Cr
2020₹ 0 Cr
2021₹ 1 Cr
2022₹ 2 Cr
2023₹ 7 Cr

Last 1 Years’ Debt-To-Equity Ratio:

20230.16
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Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:203%
Current Year:33%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:69%
Last Year:75%

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:221%
Current Year:167%

Conclusion

This article is a complete guide about Quicktouch Technologies Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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