Stock Under Rs 100 In Focus Post This Acquisition Update
Stock market update: The shares of One Point One Solutions Limited, a Business Process Management (BPM) and digital transformation services provider, are in focus today, i.e. June 10, after it announced the acquisition of a majority stake in TECHSCIENT.AI, an AI-powered no-code automation firm. The company claims that the strategic acquisition positions 1Point1 as a major player in India's digital transformation landscape and enhances its AI-led automation capabilities.
TECHNICAL.AI is a deep-tech, AI-first company that specialises in intelligent process orchestration, generative AI solutions, and no-code workflow automation. Its proprietary platform improves operational efficiency across industries by empowering businesses to create, implement, and scale AI-driven workflows without the need for manual coding.
'We wish to inform you that the Company has executed a Securities Subscription and Purchase Agreement ('SSPA') to acquire a majority shares in TECHSCIENT.AI Private Limited, a next-generation AI-powered no-code automation firm specialising in autonomous software engineering,' the company said in an exchange filing.
'With this acquisition, 1Point1 enhances its strategic focus on AI-powered transformation,' said Akshay Chhabra, Promoter & Director, 1Point1.
TECHNICAL.AI's flagship platform combines real-time data intelligence, API-first architecture, and AI-native automation to improve customer experience and business efficiency. The purchase supports 1Point1's dedication to AI-driven BPM, facilitating quick digital transformation in the fields of finance, e-commerce, logistics, healthcare, and BFSI.
Following the development, the shares of the company opened slightly higher at Rs 67.0 against the previous day's closing price of Rs 66.79. However, the stock erased its early gain to trade in negative territory in afternoon trade. Meanwhile, its 52-week high and low values were Rs 77.50 and Rs 41.01.
Equity benchmark indices Sensex and Nifty opened trading on a positive note on Tuesday, buoyed by gains in Asian markets, optimism over US-China trade talks and foreign capital inflows. The 30-share BSE Sensex rose 235.58 points to 82,680.79. The 50-share NSE Nifty rose 96.1 points to 25,199.30.
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