Multibagger penny stock at Rs 40.85 hit upper circuit as company signs MoU worth Rs 360 crore with Obel Systems Pvt Ltd
The stock gave multibagger returns of 230 per cent in just 2 years and a whopping 1,370 per cent in 3 years.
Titan Intech Limited has formed a strategic alliance with Obel Systems Private Limited to undertake a substantial government-funded project in Uttar Pradesh. This ambitious initiative aims to bolster the state's weather forecasting capabilities and disaster preparedness through the widespread deployment of 27,939 Automatic Rain Gauges (ARGs) and Automatic Weather Stations (AWSs) across its 27,838-gram panchayats. The project is designed to provide critical real-time data on rainfall and weather patterns, enabling authorities to issue timely warnings and implement effective mitigation measures against potential threats such as floods and droughts.
The partnership between Titan Intech Limited and Obel Systems Private Limited is a significant step towards enhancing Uttar Pradesh's resilience to climate-related challenges. By investing approximately Rs 360 crore in this project, the government is demonstrating its commitment to protecting the livelihoods of its citizens and safeguarding agricultural productivity. The anticipated completion of the project within five years will equip the state with a robust infrastructure for early warning systems, thereby reducing vulnerability to natural disasters and ensuring the well-being of its population.
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About the Company
Established in 1984, Titan Intech Ltd (TIL) has emerged as a leading player in the realm of IT and data center solutions. Initially focused on manufacturing threads, TIL strategically shifted its focus to the IT sector, forming alliances with industry experts. Today, the company offers a comprehensive range of services, including cloud solutions, disaster recovery, managed services and robust security measures.
TIL's commitment to excellence is evident in its diverse clientele, which includes prominent names such as Ajel Limited, Bridgetown Consulting Group, and Global Data Tek. By providing reliable and efficient IT infrastructure and data center solutions, TIL has earned the trust and loyalty of its customers, solidifying its position as a trusted partner in the industry.
On Monday, shares of Titan Intech Ltd were locked in a 5 per cent upper circuit to Rs 40.85 per share from its previous closing of Rs 38.91. The stock’s 52-week high is Rs 75 and its 52-week low is Rs 26.34. The company has a market cap of Rs 96.2 crore. The stock gave multibagger returns of 230 per cent in just 2 years and a whopping 1,370 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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