{"id":130053,"date":"2024-08-01T16:08:25","date_gmt":"2024-08-01T10:38:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=130053"},"modified":"2024-08-01T16:14:30","modified_gmt":"2024-08-01T10:44:30","slug":"it-stock-hits-5-upper-circuit-after-announcing-distribution-agreement-with-bridgehill-as-norway","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-announcing-distribution-agreement-with-bridgehill-as-norway\/","title":{"rendered":"IT stock hits 5% upper circuit after announcing distribution agreement with Bridgehill AS, Norway\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-833097065\"><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>The shares of the leading IT stock surged by 5 percent, hitting the upper circuit, following the announcement of a distribution agreement with a Norway-based company to market and distribute fire safety solutions in the Indian market.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2785532621\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement<\/strong><strong>&nbsp;<\/strong><\/h2><p>In Thursday\u2019s trading session, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ANLON\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Anlon Technology Solutions Ltd.&#8217;<\/a><\/strong>s share price hit 5 percent upper price band reaching Rs.525 per share from its previous close of Rs.500 apiece. The share has generated multi-bagger returns of more than 100 percent in the past six months.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What is the news&nbsp;<\/strong><\/h2><p>According to the exchange filing, on August 1, 2024. Anlon Technology Solutions Limited (ATSL) announced a distribution agreement with Bridgehill AS, Norway.&nbsp;<\/p><p>Anlon Technology Solutions Ltd. to market, distribute, and sell Bridgehill\u2019s advanced fire blanket solutions in India, targeting firefighting and corporate sectors, with exclusive rights for the airport sector.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3871134099\"><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>These products, including fire blankets for electric vehicles, industrial applications, and lithium batteries, are designed to quickly and effectively contain and extinguish fires, enhancing safety and response efficiency.&nbsp;<\/p><p>The collaboration marks a pivotal step for ATSL, expanding its fire safety solutions portfolio and reinforcing its commitment to offering cutting-edge products. The agreement, effective until terminated, ensures long-term benefits and strengthens ATSL&#8217;s market presence in the fire safety domain.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"6ZbO0DyX2s\"><a href=\"https:\/\/tradebrains.in\/features\/realty-stock-hits-upper-circuit-after-it-declares-1001-stock-split\/\">Realty stock hits upper circuit after it declares 100:1\u00a0stock split<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Realty stock hits upper circuit after it declares 100:1\u00a0stock split&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/realty-stock-hits-upper-circuit-after-it-declares-1001-stock-split\/embed\/#?secret=Q0nrIllxW3#?secret=6ZbO0DyX2s\" data-secret=\"6ZbO0DyX2s\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Benefits of the Distribution Agreement&nbsp;<\/strong><\/h2><p>The distribution agreement with Bridgehill AS, Norway, is a significant boon for Anlon Technology Solutions Limited (ATSL) to tap into the growing fire safety market, particularly with products designed for emerging technologies like electric vehicles and lithium batteries.&nbsp;<\/p><p>By securing exclusive rights for the airport sector, ATSL can establish a strong foothold in a high-demand niche, potentially leading to lucrative contracts with airports across India.&nbsp;<\/p><p>The association with Bridgehill, a renowned name in fire safety, also bolsters ATSL&#8217;s brand image and credibility, likely attracting more clients and partners. The long-term nature of the agreement ensures sustained business growth and stability, providing ATSL with a reliable revenue stream and opportunities for innovation in its product line.<\/p><p>The global Car Fire Blanket market is expected to grow significantly, with a CAGR of 31.8 percent from 2024 to 2030. By distributing Bridgehill&#8217;s products in India, ATSL is well-positioned to capitalize on this growth and expand its market share.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3436363674\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Orders&nbsp;<\/strong><\/h2><p>On July 31, 2024, Anlon Technology Solutions Limited received an order from TRV (Kerala) International Airport Limited. The contract includes custom clearance, DLP warranty, annual maintenance, and local transportation for four Crash Fire Tenders, with a total value of Rs. 1.32 crore (excluding GST). The execution period is 14\u00a0months for custom clearance and 5 years for warranty and maintenance. <\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholder Composition\u00a0<\/strong><\/h2><p>As per the shareholding pattern of June 2024, the Promoters hold a 62.06 percent stake in the company, Foreign Institutional Investors (FII) hold a 6.29 percent stake, while Retail Investors and Domestic Institutional Investors (DII) hold a 25.63 percent and 6.02 percent stake in Anlon Technology Solutions Limited, respectively.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview&nbsp;<\/strong><\/h2><p>Anlon Technology Solutions Limited specializes in engineering services, focusing on systems built on automotive chassis and related areas. The company&#8217;s expertise primarily serves airports, high-rise buildings, and refineries.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Written by &#8211; Siddesh S Raskar&nbsp;<\/em><\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><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-2327663729\"><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>The shares of the leading IT stock surged by 5 percent, hitting the upper circuit, following the announcement of a distribution agreement with a Norway-based company to market and distribute fire safety solutions in the Indian market.&nbsp; Price Movement&nbsp; In Thursday\u2019s trading session, Anlon Technology Solutions Ltd.&#8217;s share price hit 5 percent upper price band [&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":[31,1789],"tags":[19910,21083,19909,948,936],"class_list":["post-130053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-anlon-technology-solutions-latest-news","tag-anlon-technology-solutions-new-agreement","tag-anlon-technology-solutions-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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