Following are the two stocks to watch during the trading session on Thursday, January 23, 2025, as they may experience bullish momentum in their share prices after securing orders, according to the latest regulatory filings with the stock exchanges.
1. Tera Software Limited
With a market cap of Rs. 290.8 crores, the stock hit a 2 percent upper circuit on BSE to reach a new high at Rs. 232.45 on Wednesday.
The stock is in focus for Thursday’s trading session after the company announced that the total Advance Work Order (AWO) value is revised for the BharatNet Project, increasing it from Rs. 5,049 crores to Rs. 5,104 crores.
This project is aimed at developing the Middle Mile Network – Phase 3 in Himachal Pradesh, West Bengal, and Andaman & Nicobar.
The consortium, led by Tera Software Limited and in partnership with ITI Limited, is responsible for the design, supply, construction, installation, upgradation, operation and maintenance of the Middle Mile Network of BharatNet.
BharatNet Phase-3 Project involves the development, upgradation, and operation of the Middle Mile Network under the Design, Build, Operate, and Maintain (DBOM) model, to provide services to 2.5 lakh Gram Panchayats.
Tera Software reported a slight growth of nearly 19.5 percent YoY in revenue from operations to Rs. 21.2 crores in Q2 FY24 from Rs. 25.34 crores in Q2 FY25, accompanied by an increase in PAT from a loss of Rs. 0.2 crores to a profit of Rs. 1.3 crores, over the same period.
Over the last one year, the stock has delivered multibagger returns of nearly 254 percent, as well as around 241 percent returns in the last six months.
Founded in 1994, Tera Software Limited is engaged in providing services in E-Governance and development of enterprise information systems for Sales Tax/GST, Public Distribution System, Registration, Education, Road Transports, Electricity Billing, UIDAI (AADHAAR) & NPR (National Population Register).
The company has the rare distinction of being a pure and dedicated Indian e-Governance company.
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2. ITI Limited
With a market cap of Rs. 34,015.4 crores, the shares of a leading telecom manufacturing company and multi-unit central public sector undertaking (PSU), closed in the red at Rs. 354 on Wednesday, reflecting a decline of around 3.3 percent on BSE.
The stock is in focus for Thursday’s trading session, after the company secured a large contract worth Rs. 167 crores from the Rural Development Department, Government of Maharashtra.
The order is to set up, operationalize, rollout and monitor the implementation of Aaple Sarkar Seva Kendra (ASSK) in Gram Panchayats (ASSK-GP ) across the Chatrapathi Sambhaji Nagar, Nagpur, and Amaravati regions of Maharashtra.
Additionally, the contract covers the maintenance of systems for a period of one year. The total project, valued at ~Rs. 167 crores, covers the cost of deployment of technical manpower at the ASSK-GP locations and the associated Project Management expenses.
ITI reported a significant growth of nearly 313 percent YoY in revenue from operations to Rs. 1,016 crores in Q2 FY24 from Rs. 246 crores in Q2 FY25, accompanied by a decrease in the net loss of about 44.4 percent YoY from Rs. 126 crores to Rs. 70 crores, over the same period.
Over the last one year, the stock has delivered positive returns of nearly 7 percent, as well as around 17 percent returns in the last six months.
ITI Limited is primarily engaged in the business of manufacturing, sale & servicing of telecom equipments and building communication network infrastructures using Internet Protocol (IP)/Multi Protocol Label Switching (MPLS) Technology, Optical Fibre Cable (OFC), Microwave Radio and Satellite communication channels.
Written by Shivani Singh
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