Multibagger IT infrastructure company receives an order worth Rs 13,91,37,292 from Himachal Pradesh State Electricity Board Ltd (HPSEBL)
The stock gave multibagger returns of 149.3 per cent from its 52-week low of Rs 142 per share.
Esconet Technologies Limited has been awarded a contract by Himachal Pradesh State Electricity Board Limited (HPSEBL) for cybersecurity services. The contract involves the renewal of existing cybersecurity devices and the supply, installation, and integration of a Web Application Firewall (WAF) solution at HPSEBL's Data Center in Shimla and Disaster Recovery Center in Paonta Sahib. This domestic contract, valued at Rs 13,91,37,292 inclusive of all taxes, requires Esconet to complete the initial work within 30 days of accepting the Letter of Award. The contract includes renewal and support services for existing devices until December 31, 2027, and three years of support for the WAF solution from the date of satisfactory completion.
On Monday, shares of Esconet Technologies Limited gained 2.42 per cent to Rs 354 per share from its previous closing of Rs 345.65 per share. The stock’s 52-week high is Rs 539.65 per share and its 52-week low is Rs 142 per share.
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Esconet Technologies Ltd, a leading IT solutions provider, offers a comprehensive range of services including high-performance supercomputing, data centre facilities, cloud computing, and cybersecurity solutions. With a strong focus on innovation, the company has partnered with industry giants like AWS, Cisco, Red Hat, Dell, AMD, Microsoft, Nvidia, HP, VMware, and Intel to deliver cutting-edge solutions to clients across diverse sectors. Esconet's clientele includes prominent organizations such as Adobe, Bharat Electronics, Eli Research, NIC, Motherson, Indiabulls, Hanon, Siemens, ONGC and Indian Oil, among others.
The company has a market cap of Rs 464 crore with an ROE of 25 per cent and an ROCE of 32 per cent. The stock gave multibagger returns of 149.3 per cent from its 52-week low of Rs 142 per share. Investors should keep an eye on this multibagger IT infrastructure stock.
Disclaimer: The article is for informational purposes only and not investment advice.