This small-cap company Secures Multi-Year contract with SecUR Credentials Ltd for Bank of Maharashtra!
This will make the company potentially the largest KPO infra provider in Tier 2 towns of Maharashtra and continues its mission of bringing high quality jobs and lifestyle to these areas.
Varanium Cloud Limited is a technology company specializing in delivering digital audio, video, and financial blockchain services, particularly for PayFac-based streaming services. The company has a ROCE of 146 per cent and a ROE of 106 per cent.
Varanium Cloud Ltd and SecUR Credentials Ltd have signed a multi-year contract to provide cost-effective process outsourcing services hosted on Microsoft Workflow for Bank of Maharashtra. Varanium Cloud's Hydra Web Services platform will be used to deliver additional due diligence and verification for retail loan applications. The services will be processed on Microsoft's workflow services hosted in Varanium Cloud's secure edge data centers. To meet the demand, Varanium Cloud will add 1000 seats in its Hydra vertical. This will make the company potentially the largest KPO infra provider in Tier 2 towns of Maharashtra and continue its mission of bringing high quality jobs and lifestyle to these areas.
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Varanium Cloud witnessed a 5 per cent surge to Rs 188.50 per share on Thursday, hitting the upper circuit. However, by the closing bell, the share price experienced a 4.98 per cent decline and settled at Rs 170.6 per share.
The company has given a total return of 486 per cent from the day it got listed in September, 2022.
Investors should keep a close eye on this buzzing stock.