This micro-cap IT stock engaged in providing IT-driven services, including e-governance solutions, retail fintech, custom software development, and doorstep delivery software for various sectors, is in focus after securing an order worth Rs. 15 crore from the State Health Assurance Society of the Government of Odisha.
Stock Price Movement:
With a market capitalization of Rs. 194.70 crores, the shares of Atishay Limited hit a 5 lower circuit of Rs. 177.30 per share on Monday, down from its previous closing price of Rs. 186.60 per share.
What Happened:
Atishay Limited has secured a new work order from the State Health Assurance Society of the Government of Odisha. The order involves printing and delivering PVC Ayushman/AB PMJAY-GJAY co-branded cards for 10 districts in Odisha. These cards will be provided to designated officials following the guidelines set by the National Health Authority.
The total value of the order is Rs. 14.97 crore, and the work is to be completed within 180 days. With this new order, the company’s total project value from the State Health Assurance Society now stands at Rs. 55.03 crore.
Service Offerings:
The company provides a variety of IT-driven services, including e-governance solutions, retail FinTech services, and custom software development. The company also offers data management and doorstep delivery software solutions. Additionally, Atishay supports retail network services like mobile recharges, bill payments, and Aadhaar services.
Recent Projects:
Atishay Limited has recently worked on the computerization of government offices for Himachal Pradesh, provided cloud hosting services and deployed Micro ATMs, and produced PVC Ayushman Cards for multiple districts.
Recent quarter results:
Atishay Limited’s revenue has increased from Rs. 11.76 crore in Q3 FY24 to Rs. 15.22 crore in Q3 FY25, which has grown by 29.42 percent. The net profit has also grown by 11.64 percent from Rs. 1.89 crore in Q3 FY24 to Rs. 2.11 crore in Q3 FY25.
Written By – Nikhil Naik
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