The shares of this IT stock, known for its expertise in IT services and hardware trading, hit a 5 percent upper circuit upon receiving a Rs. 16 crores contract from the Ministry of Information and Broadcasting, Government of India.
Price action
With a market capitalization of Rs. 1,168.35 crores on Friday, the shares of Sahana systems Limited hit a 5 percent upper circuit making a high of Rs. 1,322.10 per share compared to its previous closing price of Rs. 1,259.15 per share.
What Happened
Sahana Systems Limited, known for its expertise in IT services and hardware trading, has received a landmark contract through a rigorous competitive bidding process on the Government e-Marketplace (GeM) for Rs. 16 crores (160 million)
This strategic partnership will see Sahana spearhead the design, development, implementation, and maintenance of a cutting-edge integrated dashboard for the New Media Wing, the nation’s central hub for digital communication.
This project will enhance the New Media Wing’s digital engagement by integrating data streams into a centralized dashboard, enabling real-time insights, trend monitoring, sentiment analysis, and faster information dissemination. It reinforces Sahana’s role as a trusted government technology partner.
Key Highlights of the Project
- Modernized Communication: A cutting-edge dashboard will centralize information, streamline channels, and enhance public engagement.
- Data-Driven Insights: Real-time analytics will enable informed decision-making and optimized communication strategies.
- Enhanced Public Trust: Improved government communication will strengthen transparency and citizen trust.
About the Company
Sahana System Limited, founded in 2013 and headquartered in Ahmedabad, Gujarat, Sahana System Limited is a leading innovator in the IT services industry. The company specializes in cutting-edge technology solutions, including Artificial Intelligence, Machine Learning, the Internet of Things, Business Intelligence, Blockchain, and IT outsourcing, among other specialized services.
Financials
The company’s total revenue rose by 120 percent from Rs. 24 crore in H1FY24 to Rs. 53 crore in H1FY25. Meanwhile, Net profit rose from Rs. 5 crore to Rs. 14 crore during the same period.
Written by Sridhar J
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