IT Stock engaged in the business of providing full-stack IT and ITes solutions to ERP, E-commerce, and many more jumped 9 percent in the day’s trade upon receiving a work order worth 1.91 Crore to provide services to the police recruitment board.
With a market capitalization of Rs. 22 Crores, the shares of Euphoria Infotech (India) Limited were trading at Rs. 76.70, up 7.50 percent from its previous day’s close price of Rs. 71.35.
Euphoria Infotech (India) Limited has received a new work order worth Rs. 1.91 Crore from Webel Technology Limited for providing recruitment services for the West Bengal Police Recruitment Board, Govt of West Bengal. Webel Technology Limited is a nodal agency for the Government of West Bengal for the implementation of IT and ITes.
Euphoria Infotech (India) Limited is engaged in the business of providing full-stack IT and ITes solutions for ERP, E-commerce, IoT, cloud-based tools, and data management.
Its revenue from operations grew by 58 percent from Rs. 4.65 Crores in FY22 to Rs. 7.37 Crores in FY23, accompanied by increasing profits of Rs. 20 Lakhs to Rs. 1.30 Crore.
It has reported a return on equity (ROE) of 37.7 percent and a return on capital employed (ROCE) of 43 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.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.
