Promoters sold 3,60,190 shares: Penny IT stock in green after entering an MoU with Amity University

The stock’s 52-week high is Rs 106.42 and its 52-week low is Rs 35.

Globesecure Technologies Limited has partnered with Amity University to foster a collaborative effort aimed at enhancing cybersecurity education. This partnership will involve the development and delivery of specialized cybersecurity training modules, conducted either on-campus or online, to equip students with the necessary skills and certifications. By providing students with practical, industry-relevant knowledge, this collaboration seeks to bridge the gap between academia and industry, ultimately benefiting both institutions.

Earlier, the company was awarded a Purchase Order for the Palo Alto Firewall with 5 Years of support to Multi Commodity Exchange of India Limited, a domestic entity. The order is valued at Rs 2,94,00,000 (Rupees Two Crore Ninety-Four Lakhs only) excluding taxes and is expected to be executed by December 2024.

Globesecure Technologies Limited is in the business of IT Security products and related services. GSTL is a digital transformation company with a focus on cyber security. The company has executed cybersecurity transformation projects, infrastructure, and digital transformation projects for various institutions and also provided similar independent services.

On Wednesday, shares of Globesecure Technologies Ltd gained 1.93 per cent to Rs 39.60 per share from its previous closing of Rs 38.85 per share. The stock’s 52-week high is Rs 106.42 and its 52-week low is Rs 35. The company has a market cap of over Rs 60 crore and promoters sold 3,60,190 shares, decreasing their stake to 34.01 per cent in September 2024 compared to June 2024. The company reported positive numbers in its half-yearly results (H2FY24) and annual results (FY24).

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