Under Rs 130 Stock To Keep Under Radar As Company Bags Order Worth Rs 4,03,00,000 From State Mission Management Unit, Maharashtra
The shares of the company have an ROE of 39 per cent and an ROCE of 30 per cent.
RNFI Services Limited has secured a significant contract from the State Mission Management Unit, Maharashtra, for the supply of BC Devices/Handheld Terminals. This domestic order, valued at approximately Rs 4.03 crore, aims to support the Maharashtra State Rural Livelihoods Mission in its efforts to enhance rural development. The contract mandates the delivery of 1000 devices within a one-year timeframe. The specific terms and conditions of the agreement, including detailed specifications, delivery schedules, and payment terms, will be outlined in the official purchase order. This contract win underscores RNFI Services Limited's expertise in providing technology solutions for rural communities and its ability to meet the evolving needs of government initiatives.
About the Company
RNFI Services Limited, established in 2015, is a prominent financial technology firm providing B2B and B2B2C solutions through its digital platform. The company offers a wide range of financial services, including banking, digital and Government-to-Citizen (G2C) services across India. With a strong network of over 3,60,000 partners nationwide, RNFI Services leverages technology to deliver efficient and accessible financial solutions to customers. The company has a market cap of Rs 285 crore.
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The shares of the company have an ROE of 39 per cent and an ROCE of 30 per cent.On Tuesday, shares of RNFI Services Limited plunged 11.28 per cent to Rs 114 per share with an intraday high of Rs 129 and an intraday low of Rs 113.25 from its previous closing of Rs 128.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.