Digital solutions in data management and analytics signed a contract worth Rs 13.61 crore from Punjab Government

The shares of the company have an ROE of 83 per cent and an ROCE of 86 per cent.

Enfuse Solutions Limited has secured a Rs 13.61 crore contract with the Punjab Government to digitize their Primary Agriculture Credit Societies (PACS). This contract is anticipated to bolster the company's presence in the government sector and positively impact its financial performance. The revenue from this project will be spread out over its duration, as outlined in the agreement.

Enfuse Solutions Limited, founded in 2017, offers comprehensive digital solutions encompassing data management, analytics, e-commerce, machine learning, artificial intelligence and ed-tech. Their revenue streams are diversified across these segments, with data analytics being the primary contributor, followed by e-commerce and ed-tech.

The company also provides consultancy services to clients, specializing in digitization and leveraging technologies such as data as a service, software solutions, AI platforms, ed-tech AI, data annotation, data engineering, cloud computing and digital marketing. Their clientele spans various industries, including technology, BFSI, retail, financial services, media and entertainment, health and education.

On Monday, shares of Enfuse Solutions Limited jumped 4.90 per cent to Rs 182 per share from its previous closing of Rs 173.50. The shares of the company have an ROE of 83 per cent and an ROCE of 86 per cent. The stock is up by 87 per cent from its 52-week low of Rs 97.50 per share. Investors should keep an eye on this micro-cap stock.

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

Also Read: Rs 555.80 Crore Order Book & FIIs Bought 3,81,010 Shares: Heavy Buying In This Multibagger Cable Manufacturing Stock; Rockets Over 12 On August 26