This penny stock under Rs 100 bags order worth Rs 191.84 lakh from Webel Technology Ltd

Today, the stock price touched its day high of Rs 78.45 and locked in the 10 per cent.

Euphoria Infotech (India) Ltd bagged an order worth gross value of Rs 191.84 lakhs from Webel Technology Limited for providing recruitment services for West Bengal Police Recruitment Board, Govt of West Bengal. Webel Technology Limited is a nodal agency for the Government of West Bengal for implementation of IT and ITes.

Earlier, Company has bagged an order worth gross value Rs 245.32 lakhs from Webel Technology Limited. We shall be preparing a SaaS based software for online admission and student lifecycle management along with resident engineer for a period of seven years. The said services shall be provided to the Rabindra Bharati University, Kolkata. Webel Technology Limited is a nodal agency for the Government of West Bengal for implementation of IT and ITes.

Euphoria Infotech India Limited is a full-stack IT and ITes solution for ERP, E-commerce, IoT, cloud-based tools, and data management.

Today, the stock price touched its day high of Rs 78.45 and locked in the 10 per cent. The stock price is trading within the range of 52-week high of Rs 199.50 and 52-week low of Rs. 71.10.

On the day of IPO listing of Euphoria Infotech India saw a strong debut at Rs 190 with stellar 90 per cent premium over the issue price.

The company has a market cap of Rs 22.6 crore and reported positive numbers in its annual results. The shares of the company have an ROE of 37.7 per cent and ROCE of 43 per cent.

Investors should keep an eye on this micro-cap IT stock.

Disclaimer: The article is for informational purposes only and not investment advice.