Stock below Rs 50: This small-cap company has received an order of USD 3 million!

On Wednesday, March 29, 2023, the benchmark domestic indices ended the day in the green. BSE Sensex Index ended the session higher, up 0.60 per cent at a level of 57,960.09.

SecureKloud Technologies Limited, the company informed both the exchanges (NSE & BSE) that Healthcare Triangle Inc, a step-down subsidiary of the company has announced a new USD 3 million agreement to provide Cloud DevOps Managed Services for a leading life sciences customer, reinforcing the company’s position as a top player in the Cloud DevOps Managed Services business.   

Healthcare Triangle, a step-down subsidiary of SecureKloud, is laser-focused on delivering next-generation HITRUST certified Cloud DevOps Managed Services that enable customers to quickly adopt and deploy cloud solutions in a secure, compliant and scalable manner.  

SecureKloud is a cloud-native company with a combination of products, frameworks and services, designed to solve problems around blockchain, cloud, enterprise security, decision engineering and managed services. In the current financial year 2022-2023, the company has reduced its debt and now the current debt of the company is Rs 110 crore.  

On Wednesday, March 29, 2023, the benchmark domestic indices ended the day in the green. BSE Sensex Index ended the session higher, up 0.60 per cent at a level of 57,960.09. On the sectoral front, the BSE Information Technology Index was one of the Top Gainers, rising 0.95 per cent.   

Despite the market being in green, shares of SecureKloud Technologies Ltd were locked in a 5 per cent lower circuit to Rs 33.22 from its previous closing of Rs 34.96. The shares of the company also traded at a new 52-week low of Rs 33.22 per share.  

Investors should keep an eye on this Small-Cap IT stock.