Small-cap stock under ₹100 to be in focus on Monday; here is why
One Point One Solutions informed the exchanges that its wholly-owned subsidiary, One Point One Singapore Pte. Ltd., has signed a term sheet for the acquisition of a 100 percent stake in ITNITY PTE. LTD. The Singapore firm specialises in digital customer engagement services, and the deal is expected to significantly enhance OPO's technology-led customer service capabilities.
The company said the proposed acquisition is in line with its long-term strategy to scale up operations beyond Indian shores. It aims to unlock synergies through operational integration and widen its digital engagement and contact centre portfolio, positioning itself as a full-stack global solutions provider.
'This strategic acquisition is a game-changer,' said Akshay Chhabra, CEO of One Point One Solutions. 'The target company's customer engagement expertise and advanced digital solutions perfectly align with our growth ambitions. It will significantly boost our service offerings and client value, accelerating our market position.'
According to the press release, the acquisition will be executed for a total enterprise value of $7.6 million, subject to successful legal and financial due diligence. The transaction will allow One Point One Solutions to expand its service capacity and tap into new international clientele, particularly in Southeast Asia.
The company said the proposed integration with ITNITY will bring about enhanced efficiency, cost savings, and improved resource optimisation. It is also expected to support One Point One's existing customer base with more robust delivery infrastructure.
One Point One Solutions Ltd. provides comprehensive services across BPO, KPO, IT, Technology & Transformation, and Analytics. The company works across a wide range of industries, including banking, insurance, telecom, e-commerce, and healthcare. Its clientele includes several high-growth digital platforms as well as traditional businesses.
With centres in Navi Mumbai, Pune, Chennai, Bangalore, Indore, Gurgaon, and overseas locations such as Cincinnati (USA) and now expanding into Singapore, the company is aggressively broadening its geographical footprint. The acquisition of ITCube Solutions earlier had already helped consolidate its offerings across IT, BPM, and KPO verticals.
Despite its strategic efforts, the One Point One Solutions stock has faced downward pressure in recent months. The stock has declined more than 25 percent over the past one year. In July alone, it slipped more than 1 percent after a steep 19.5 percent correction in June.
Prior to that, the stock gained 6 percent in May and surged 26.4 percent in April. However, the momentum has been inconsistent—falling 5.3 percent in March, 6.7 percent in February, and 2.3 percent in January.
Investors will now be watching closely to see whether the proposed acquisition provides the much-needed trigger for a sustained recovery in the stock.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
12 minutes ago
- Mint
Two Chinese nationals in California accused of illegally shipping Nvidia AI chips to China
-Two Chinese nationals were arrested in California and charged with illegally shipping tens of millions of dollars' worth of AI chips to China, including Nvidia H100s, the U.S. Justice Department said Tuesday. Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, exported the advanced Nvidia chips and other technology to China from October 2022 through July 2025 without obtaining the required licenses from the U.S. Commerce Department, a criminal complaint says. According to the complaint, Geng and Yang's El Monte-based company, ALX Solutions Inc, was founded in 2022, shortly after the U.S. imposed sweeping export controls on technology to China and began to require licenses for the chips. A spokesperson for Nvidia declined comment. Over 20 shipments from ALX solutions went to shipping and freight forwarding companies in Singapore and Malaysia, which are often used as transshipment points for illegal goods to China. ALX received a $1 million payment from a China-based company in January 2024 and other payments from companies in Hong Kong and China, not the freight forwarding companies. Nvidia H100s are advanced chips that can be used to train large language models and for other applications, such as developing self-driving cars and medical diagnosis systems. Records show that from at least August 2023 to July 2024, ALX Solutions bought over 200 Nvidia H100 chips from San Jose, Calif-based server maker Super Micro Computer, declaring that the end users were in Singapore and Japan. Super Micro did not immediately respond to a request for comment. In addition to Nvidia's H100s, the pair are accused of illegally shipping Nvidia video graphics cards known as PNY GE Force RTX 4090, which also require a license for export to China. Geng and Yang appeared in U.S. District Court in Los Angeles late Monday, according to the Justice Department. Geng, a permanent resident, was released on $250,000 bond. Yang, who overstayed her visa, has a detention hearing on August 12. This article was generated from an automated news agency feed without modifications to text.
Time of India
17 minutes ago
- Time of India
Nvidia AI chips smuggling: Two Chinese nationals arrested in California
Two Chinese nationals were arrested in California and charged with illegally shipping tens of millions of dollars' worth of AI chips to China, including C H100s, the U.S. Justice Department said Tuesday. Chuan Geng, 28, of Pasadena, and Shiwei Yang, 28, of El Monte, exported the advanced Nvidia chips and other technology to China from October 2022 through July 2025 without obtaining the required licenses from the U.S. Commerce Department, a criminal complaint says. According to the complaint, Geng and Yang's El Monte-based company, ALX Solutions Inc, was founded in 2022, shortly after the U.S. imposed sweeping export controls on technology to China and began to require licenses for the chips. A spokesperson for Nvidia declined comment. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Over 20 shipments from ALX solutions went to shipping and freight forwarding companies in Singapore and Malaysia, which are often used as transshipment points for illegal goods to China. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You will never turn off your computer again. ALX received a $1 million payment from a China-based company in January 2024 and other payments from companies in Hong Kong and China, not the freight forwarding companies. Nvidia H100s are advanced chips that can be used to train large language models and for other applications, such as developing self-driving cars and medical diagnosis systems. Live Events Records show that from at least August 2023 to July 2024, ALX Solutions bought over 200 Nvidia H100 chips from San Jose, Calif-based server maker Super Micro Computer, declaring that the end users were in Singapore and Japan. Super Micro did not immediately respond to a request for comment. In addition to Nvidia's H100s, the pair are accused of illegally shipping Nvidia video graphics cards known as PNY GE Force RTX 4090, which also require a license for export to China. Geng and Yang appeared in U.S. District Court in Los Angeles late Monday, according to the Justice Department. Geng, a permanent resident, was released on $250,000 bond. Yang, who overstayed her visa, has a detention hearing on August 12. FAQs Q1. Which company manufactures H100s chips? A1. Nvidia manufactures H100s chips. Q2. Were Nvidia chips getting smuggled? A2. Over 20 shipments from ALX solutions went to shipping and freight forwarding companies in Singapore and Malaysia, which are often used as transshipment points for illegal goods to China.
Time of India
40 minutes ago
- Time of India
‘Sugar prodn dips 23% in 7 yrs despite rise in cane acreage'
Lucknow: UP's sugarcane sector has witnessed an intriguing trend with sugar production by mills falling by almost 23% between 2017-18 and 2024-25, despite a substantial increase in cane acreage and productivity during the period. Industry sources attribute the dip to diversion of cane for Khandsari, low recovery and adverse weather conditions. Data released by the cane development department shows that the area under cane cultivation increased by almost 28% — from 22.99 lakh hectares in 2017-18 to 29.51 lakh hectares in 2024-25. Likewise, the productivity also increased from 79.19 tonnes per hectare to 83 tonnes per hectare, signifying a rise of around 5%. Even cane production went up from 1820.75 lakh tonnes (LT) to 2456.35 LT during the same period. The number of mills crushing cane also rose from 119 to 122, one of the highest in recent times. However, the sugar production dropped from 120.5 lakh tonnes in 2017-18 to 92.45 lakh tonnes in 2024-25, a fall of around 23%. In 2023-24, sugar production in the state was pegged at around 104.13 lakh tonnes. The cane crushing season in UP ended in June earlier this year. Yet, UP happens to be the biggest producer of sugar in the country, surpassing Maharashtra. The western state was the leading producer of sugar last year when it produced around 110 lakh metric tonnes of sugar. This, however, plunged below 90 LMT in 2024-25. Nationally, the total sugar production is estimated to be around 330 lakh tonnes. The fall in sugar production is largely attributed to the diversion of sugar from cane mills to Khandsari, a traditional, unrefined Indian sugar made from sugarcane juice. It's a natural sweetener that retains more nutrients and molasses than refined white sugar. According to an estimate, UP has around 250 Khandsari units, essentially established in parts of west and central UP. Industry sources said that cane growers diverted their produce to Khandsari units for quicker compensation compared to the one paid by the mills. The shift gained pertinence against the backdrop of the state govt keeping the State Advisor Price (SAP) for sugar at Rs 370 per quintal (for early variety) and Rs 360 per quintal for general variety. Another key reason behind the downturn in sugar production is adverse weather conditions — drought and excess rainfall — besides a drop in the quality of cane. Sources said that the cane recovery reduced from around 10.5% in 2017-18 to a little over 9.5% in current times.
