Multibagger penny stock under Rs 50 in focus as company enters into an MoU with Obel Systems Pvt Ltd for order worth Rs 397.93 crore from Uttar Pradesh Government
The stock gave multibagger returns of 160 per cent in just 2 years and a whopping 1,460 per cent in 3 years.
Titan Intech Limited, a strategic partner of Obel Systems Private Limited, announced a significant milestone in its collaboration with the Uttar Pradesh government. On November 8th, 2024, Obel Systems secured a contract from the Department of Agriculture, Uttar Pradesh, to implement the Weather Information Network and Data System (WINDS) project. This ambitious initiative involves the deployment of 27,939 Automatic Rain Gauges (ARG) and Automatic Weather Stations (AWS) across 36 districts of the state.
The WINDS project, valued at Rs 397.93 crore, aims to revolutionize weather data collection and dissemination in Uttar Pradesh. By establishing a robust network of AWS and ARG, the project will enable real-time monitoring of crucial weather parameters such as rainfall, temperature, humidity, and wind speed. This invaluable data will empower farmers and agricultural authorities to make informed decisions, optimize crop management practices, and mitigate the impact of adverse weather conditions.
Titan Intech, in its capacity as a project implementation and financial assistance partner, will play a pivotal role in the successful execution of the WINDS project. The company will leverage its expertise in technology and project management to ensure timely and efficient deployment of AWS and ARG. Additionally, Titan Intech will provide financial support to facilitate the project's implementation and contribute to its overall success.
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About the Company
Established in 1984, Titan Intech Ltd (TIL) has emerged as a leading player in the realm of IT and data center solutions. Initially focused on manufacturing threads, TIL strategically shifted its focus to the IT sector, forming alliances with industry experts. Today, the company offers a comprehensive range of services, including cloud solutions, disaster recovery, managed services and robust security measures.
TIL's commitment to excellence is evident in its diverse clientele, which includes prominent names such as Ajel Limited, Bridgetown Consulting Group, and Global Data Tek. By providing reliable and efficient IT infrastructure and data center solutions, TIL has earned the trust and loyalty of its customers, solidifying its position as a trusted partner in the industry.
On Monday, shares of Titan Intech Ltd gained 1.07 per cent to Rs 44.31 per share from its previous closing of Rs 43.84 with an intraday high of Rs 48.22 and an intraday low of Rs 43.35. The stock’s 52-week high is Rs 75 and its 52-week low is Rs 28.53. The shares of the company saw a spurt in volume by more than 4.24 times on BSE. The company has a market cap of Rs 135 crore. The stock gave multibagger returns of 160 per cent in just 2 years and a whopping 1,460 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.