Shares of this penny stock that got listed today received an order worth Rs 93.90 lakhs hours after listing. The company’s shares are listed under the ‘SME’ category on 30th January 2024 at a 90 percent premium to its issue price of Rs 100.
With a market capitalization of Rs 52.67 crores, the stocks of Euphoria Infotech (India) Limited got listed on the Bombay Stock Exchange today at Rs 190 per share, a 90 percent premium to its issue price of Rs 100.
A couple of hours after such a bumper listing, the company, through a regulatory filing with the Bombay Stock Exchange (BSE), intimated that it has bagged an order worth Rs 93.90 lakhs from “Webel Technology Limited”.
Webel Technology Limited is a nodal agency for the Government of West Bengal for the implementation of IT and Information Technology Enabled Services (ITes). The above order is expected to be completed by May 2024.
During the past few financial years, the company reported an increase in its revenues as well as net profits with the former increasing from Rs 4.65 crores during FY21-22 to Rs 7.37 crores during FY22-23, and the latter, keeping the timeframe the same, rising drastically from Rs 20 lakhs to Rs 1.30 crores.
Incorporated in May 2001, Euphoria Infotech India Limited is a full-stack IT and ITes solution provider based in Kolkata, West Bengal. The company offers IT and ITES solutions for e-commerce, cloud-based tools, ERP, and data management. Its solutions can be grouped into five broad categories, i.e., Artificial Intelligence, Machine Learning (ML), etc.
Written by Amit Madnani
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