Upper Circuit & 52-Week High Alert: Telecom Stock In Focus After Order Value Revised From Rs 5,049 Crore to Rs 5,104 Crore

The stock gave multibagger returns of 423 per cent from its 52-week low and a whopping 800 per cent in 5 years.

On Thursday, shares of Tera Software Ltd hit a 2 per cent upper circuit to Rs 237.05 per share from its previous closing of Rs 232.45 per share. The stock also made a new 52-week high of Rs 237.05 per share and its 52-week low is Rs 45.35 per share. The stock gave multibagger returns of 423 per cent from its 52-week low and a whopping 800 per cent in 5 years.

ITI Limited, in consortium with Tera Software Limited, has received a revised Advance Work Order (AWO) from BharatNet for the implementation of Phase-3 of the Middle Mile Network in Himachal Pradesh, West Bengal, and Andaman & Nicobar Islands. The revised AWO value has increased from Rs 5,049 crore to Rs 5,104 crore. This project involves the design, supply, construction, installation, upgradation, operation, and maintenance of the network to connect 2,50,000 Gram Panchayats with high-speed broadband connectivity. This win further strengthens Tera Software Limited's position as a key player in the BharatNet initiative, following successful project executions in Andhra Pradesh and Odisha. The BharatNet Phase-3 project is crucial for bridging the digital divide in India and empowering rural communities with access to essential digital services.

This project aligns with the government's vision of digital India and aims to provide equitable access to information and communication technology across the country. The consortium, led by ITI Limited, will leverage its expertise and experience in the telecommunications sector to successfully execute this large-scale project. The increased AWO value reflects the project's growing scope and complexity, emphasizing the importance of robust infrastructure and efficient project management.

The successful implementation of the BharatNet Phase-3 project will have a significant impact on the socio-economic development of rural India. By connecting Gram Panchayats with high-speed broadband, the project will enable access to education, healthcare, e-governance, and other essential services, thereby improving the quality of life for millions of rural citizens.

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 296.59 crore with a 3-year stock price CAGR of 50 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.