DSIJ Mindshare

Information Technology Security company’s stock locked in upper circuit after approval of NSE for Rights Issue

The company’s stock hit the upper circuit after NSE approved a Rights Issue. Revenue declined in Q4FY24.

Prajwal Wakhare 0 7506 Article rating: 4.3

The company's stock surged to the upper circuit limit following NSE's approval of a Rights Issue at Rs 40 per share. Despite a drop in revenue, investors should monitor this micro-cap IT security firm.

Penny stock under Rs 50: This IT-company bags new order worth approx. Rs 6 crore from Bharat Sanchar Nigam Limited (BSNL); details inside!

The stock’s 52-week high is Rs 134.50 and its 52-week low is Rs 37.10.

Kiran Shroff 0 8591 Article rating: 3.3

The total order was for 7,900 GPs worth Rs 80 out of which the above order is worth approximately Rs 6 crore [(Rs 80 crore / 7,900 GPs) * 592 GPs = approx. Rs 6 crore).

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