Rs 5,049 Crore Order Win: Telecom Stock Hits Upper Circuit on Advance Work Order Placed by Bharat Net Projects Upon ITI Ltd in Consortium
The stock gave multibagger returns of 330 per cent from its 52-week low and a whopping 640 per cent in 5 years
Tera Software Limited has secured a significant contract with BharatNet for the implementation of Phase-3 of the Middle Mile Network. This project, valued at Rs 5,049 Crore, will see Tera Software Limited, in consortium with ITI Limited, responsible for the design, supply, construction, installation, upgradation, operation, and maintenance of the network across Himachal Pradesh, West Bengal, and Andaman & Nicobar Islands. This win solidifies Tera Software Limited's position as a key player in the BharatNet initiative, following successful completion of previous phases in Andhra Pradesh and Odisha.
The BharatNet Phase-3 project aims to connect 2,50,000 Gram Panchayats with high-speed broadband connectivity. This initiative plays a crucial role in bridging the digital divide in India and empowering rural communities with access to essential digital services like education, healthcare, and e-governance. Tera Software Limited's expertise and experience in executing large-scale telecommunications projects will be instrumental in the successful delivery of this critical national infrastructure project.
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Tera Software Limited is a software solutions and services company. The company also implements literacy projects in Goa schools. The company has a market cap of Rs 244 crore with a 3-year stock price CAGR of 50 per cent.
On Tuesday, shares of Tera Software Ltd hit a 5 per cent upper circuit to Rs 194.95 per share from its previous closing of Rs 185.70 per share. The stock’s 52-week high is Rs 218.14 per share and its 52-week low is Rs 45.35 per share. The stock gave multibagger returns of 330 per cent from its 52-week low and a whopping 640 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.