{"id":119973,"date":"2024-02-29T12:01:48","date_gmt":"2024-02-29T06:31:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119973"},"modified":"2024-02-29T13:20:25","modified_gmt":"2024-02-29T07:50:25","slug":"it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/","title":{"rendered":"IT stock jumps over 4% after enters into a joint venture agreement\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3008559520\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-207574934\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalisation of Rs. 936.42 crores, at 10:57 a.m. the shares of Cressanda Railway Solutions Ltd. were trading in the green at Rs. 22.13, up by 3.36 percent.&nbsp;<\/p><p>In the last one year, the company has delivered negative returns of about 14.56 percent and more than 10.6 percent of returns in the last six months. So far in 2024, it has given negative returns of around 13.5 percent.&nbsp;<\/p><p>According to recent regulatory filings with the BSE, Cressanda Railway Solutions signed a Joint Venture Agreement on Wednesday with Recall, a proprietorship firm based in Kolkata, West Bengal.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-701544089\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company will be the integrated partner in executing a tender for the provision of trolley retrieval cum advertisement rights given by Netaji Subhash Chandra Bose International (NSCBI) Airport, Kolkata.&nbsp;<\/p><p>Further, the company has already started onboarding various clients to support the advertisement of their products and services on the Airport Trolleys at the New Integrated Terminal Building (NITB), NSCBI Airport.&nbsp;<\/p><p>Each company will own and hold 50% of the profit in the Venture income and is entitled to share in the Venture&#8217;s income, gain, loss, deduction, credit, and cash available for distribution under this Agreement.&nbsp;<\/p><p>In the case of a default under this Agreement, the defaulting Party undertakes to indemnify the other Party against any loss or liability that exceeds the percentages set forth in this Agreement, i.e., 50%, or for any liability or loss that is directly caused by the default.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations grew by nearly 441.48 percent QoQ from Rs. 19.5 crore in Q2 FY23-24 to Rs. 105.59 crore in Q3 FY23-24.&nbsp;<\/p><p>The net profit of the company increased by 11.37 percent QoQ, from Rs. 5.0 crore in Q2 FY23-24 to Rs. 5.68 crore in Q3 FY23-24.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1795052565\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Cressanda Railway Solutions Limiter, formerly known as Cressanda Solutions Limited, is engaged in offering advanced solutions related to conventional and digital media as well as technology-enabled services.&nbsp;<\/p><p><strong>Written by Shivani Singh<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1072443431\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.&nbsp; With a market capitalisation of Rs. 936.42 crores, at 10:57 a.m. the shares [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-119973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock jumps over 4% after enters into a joint venture agreement\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock jumps over 4% after enters into a joint venture agreement\u00a0\" \/>\n<meta property=\"og:description\" content=\"Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-29T06:31:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T07:50:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/\",\"name\":\"IT stock jumps over 4% after enters into a joint venture agreement\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg\",\"datePublished\":\"2024-02-29T06:31:48+00:00\",\"dateModified\":\"2024-02-29T07:50:25+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IT stock jumps over 4% after enters into a joint venture agreement\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IT stock jumps over 4% after enters into a joint venture agreement\u00a0 - Trade Brains Features","description":"Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/","og_locale":"en_US","og_type":"article","og_title":"IT stock jumps over 4% after enters into a joint venture agreement\u00a0","og_description":"Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2024-02-29T06:31:48+00:00","article_modified_time":"2024-02-29T07:50:25+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/","url":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/","name":"IT stock jumps over 4% after enters into a joint venture agreement\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg","datePublished":"2024-02-29T06:31:48+00:00","dateModified":"2024-02-29T07:50:25+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Share price of this IT stock moved up by nearly 4.11 percent to Rs. 22.29 in the morning trading session of Thursday, compared to its previous close of Rs. 21.41 on BSE, after the company announced entering into a Joint Venture Agreement.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-sector.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/it-stock-jumps-over-4-after-enters-into-a-joint-venture-agreement\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"IT stock jumps over 4% after enters into a joint venture agreement\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/119973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=119973"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/119973\/revisions"}],"predecessor-version":[{"id":119974,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/119973\/revisions\/119974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/111982"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=119973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=119973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=119973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}