{"id":131391,"date":"2024-08-19T13:29:48","date_gmt":"2024-08-19T07:59:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=131391"},"modified":"2024-08-19T14:19:50","modified_gmt":"2024-08-19T08:49:50","slug":"microcap-stock-hits-5-upper-circuit-after-receiving-an-order-from-indian-bank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-receiving-an-order-from-indian-bank\/","title":{"rendered":"Microcap stock hits 5% upper circuit after receiving an order from Indian Bank\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1066452192\"><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 software development firm, specializing in core banking software, IT solutions, and ERP implementation for the BFSI sector, jumped to the 5% upper circuit limit after the company secured a \u20b93 crore order from an Indian bank.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-180295184\"><!-- 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>On Monday, <strong>Trust Fintech Ltd<\/strong>&#8216;s shares surged to a 5% upper circuit limit, reaching an intraday peak of \u20b9231.90 per share. The company&#8217;s market capitalization stands at \u20b9553 crore.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened:&nbsp;<\/strong><\/h2><p>As per an exchange filing by Trust Fintech Ltd, the company has been awarded a contract by Indian Bank\u2019s Digital Business and Fintech Partnership Department (Region II) for the design, development, maintenance, and customization of the PMEGP Portal for the Ministry of MSME. The contract, valued at \u20b93 crores, is effective for a period of three years from the Go-live date, which is August 17, 2024.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company: <\/strong><\/h2><p>Established in 1998, Trust Fintech Limited is a Nagpur-based SaaS company specializing in Core Banking Software, IT Solutions, and ERP Implementation for the BFSI sector. Known for its expertise in the deployment and implementation of its flagship products, TrustBankCBS and MicroFinS, the company has carved out a prominent niche in the market.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-317772758\"><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>On April 4, 2024, Trust Fintech Limited was listed on the NSE SME platform. The initial public offering (IPO) was priced between \u20b995 and \u20b9101 per share, with a minimum lot size of 1,200 shares. Since its listing, the company\u2019s shares have appreciated by 47%.&nbsp;<\/p><p>The company&#8217;s client roster includes notable organizations such as Internet Soft, Gadchiroli DCC Bank, Nabfins Ltd, Bank of Maharashtra, and Chandrapur Dist. Central Co-Op Bank Ltd.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials<\/strong>: <\/h2><p>The company has achieved a 52% year-on-year revenue growth, increasing from \u20b9 23 crore in FY 22-23 to \u20b935 crore in FY 23-24. During the same period, net profit surged by 200%, rising from \u20b94 crore to \u20b912 crore.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-4177586016\"><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 software development firm, specializing in core banking software, IT solutions, and ERP implementation for the BFSI sector, jumped to the 5% upper circuit limit after the company secured a \u20b93 crore order from an Indian bank.&nbsp; On Monday, Trust Fintech Ltd&#8216;s shares surged to a 5% upper circuit limit, reaching [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[4865,31,13525],"tags":[],"class_list":["post-131391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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