CMP: 39

HOV Services Limited provides Business Process Outsourcing (BPO) services to the Finance and Accounting (F&A) business sector.

HOV Services is currently a 50 Crore penny cap stock. Its currently trading at a P/E of 5 with unbelievable dividend yields of 20% in the last 12 months. Whats more amazing is that, the dividend yields have been high and distributed over 6 quarters in the last 18 months. Minimal liability and rich Cash & Cash Equivalents. Revenues have stayed around 7 Crores till FY10 and surged to 25 Crores in FY11. Profits have fluctuated below 3 Crores till FY10 and surged to almost 17 Crores in FY10. FY12 have been subdued well below its FY11 performance. So it is a volatile stock and only for those with the risk appetite.