During Monday’s trading session, the price of an IT Software company specializing in expanding Software development and e-business solutions surged up to 14% after securing 2 orders worth approximately Rs 78 crores.
With a market capitalization of Rs. 107.76 crores on Monday, the shares of Vedavaag Systems Ltd are trading at Rs. 51.53, up by close to 11 percent from its previous closing price of Rs. 46.41. The share was up 14 percent intraday.
What’s the News
Vedavaag Systems Ltd has received 2 orders worth close to Rs 78 crores from LANDSKY ENGINEERS PRIVATE LIMITED. For Support Services for Solar Light Systems, and Supply of 20w Solar Street Lights in Bihar State. The order details are as below:
Order 1: Vedavaag Systems Limited has secured an order valuing Rs. 23,48,29,140 from LANDSKY ENGINEERS PRIVATE LIMITED for Support Services for Solar Light Systems to Vedavag Common Service Centres Private Limited, which is a 100 percent owned Subsidiary of Vedavag Systems Limited, the order is for 5 years.
Order 2: Vedavaag Systems Limited has secured an order valuing Rs. 54,79,34,940 from LANDSKY ENGINEERS PRIVATE LIMITED for Supply of 20W Solar Street Light Fitting Standard Accessories in Bihar State, which is to be completed within 180 days.
Vedavaag Systems Ltd provides IT Sales &Services like Governance & Citizen Services, Banking, Finance, and Insurance Services. The company is a rapidly expanding Software development and e-business solutions company committed to providing solutions in the field of e-business, Retailing and services, e-Governance, Managed Infrastructure, and Enterprise Applications. The company has well-defined software development and solution delivery methodology, RACE Requirement Collection, Analysis, Coding, and Establishment to ensure total quality solutions.
Financials
Its revenue from operations has surged by 86.17 percent from Rs. 15.84 Crores in Q3FY24 to Rs. 29.49 Crores in Q3 of FY25, whereas the net profits of the company increased by 183.78 percent from Rs. 1.11 crores in Q3 of FY2024 to Rs. 3.15 Crores in Q3 of FY2025.
Written by Likesh babu S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
