8,500 per cent returns: Multibagger micro-cap software stock hits 5 per cent upper circuit as the company enters into a joint venture with SenecaGlobal!
The stock is up by 93 per cent in 2 years and gave multibagger returns of 8,500 per cent in 3 years.
EQUIPPP Social Impact Technologies Ltd (EQUIPPP) and SenecaGlobal IT Services Private Limited (SenecaGlobal) have joined forces in a strategic joint venture agreement to provide cutting-edge ESG (Environmental, Social, and Governance) technology solutions for global enterprises.
As part of the agreement, EQUIPPP and SenecaGlobal will establish a Joint Venture entity to pool their competencies and provide ESG services jointly. This joint venture will have an ownership of 51 per cent by EQUIPPP and 49 per cent by SenecaGlobal. This strategic partnership between EQUIPPP and SenecaGlobal aims to unlock a new era of ESG adoption, fostering an environment where businesses can thrive sustainably, equitably, and responsibly
The agreement was signed on Saturday at T-Hub in Hyderabad, witnessed by Mr Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government.
Mr A Sri Prasad Mohan, CFO of EQUIPPP, expressed excitement about the partnership, stating, "We feel excited to partner with SenecaGlobal to drive sustainability and promote responsible practices in the Global market. Our joint tech offerings will pave the way for businesses to embrace ESG principles and make a lasting positive impact on society."
Mr Rao Tummalapalli, MD of SenecaGlobal, shared his thoughts, saying, "This collaboration aligns perfectly with our commitment to leverage technology for social good. By combining our tech expertise with EQUIPPP's Social Tech platforms and sustainability vision, we are confident in our ability to create meaningful change."
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EQUIPPP Social Impact Technologies Ltd provides technology solutions to various business sectors through collaborative platforms and technologies. Today, EQUIPPP Social Impact Technologies shares zoomed 5 per cent upper circuit to Rs 27.72 per share. The company has a market cap of Rs 285.78 crore with a 5-year stock price CAGR of 122 per cent.
The stock is up by 93 per cent in 2 years and gave multibagger returns of 8,500 per cent in 3 years. Investors should keep an eye on this micro-cap software company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.