{"id":134366,"date":"2024-09-25T11:26:37","date_gmt":"2024-09-25T05:56:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=134366"},"modified":"2024-09-25T11:26:41","modified_gmt":"2024-09-25T05:56:41","slug":"it-stock-jumps-9-after-company-forays-into-renewable-energy-sector","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-9-after-company-forays-into-renewable-energy-sector\/","title":{"rendered":"IT stock jumps 9% after company forays into renewable energy sector"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3468748046\"><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>IT stock engaged in providing Software IT solutions and Consulting Services, Web designing and many more jumped upto 9 percent in the day\u2019s trade upon foraying into renewable energy solutions.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1019043147\"><!-- 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 action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 99 Crores, the shares of Quicktouch Technologies Limited were trading at Rs. 159 per equity share, up 9 percent from its previous day\u2019s close price of Rs. 146.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>The board of directors of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/QUICKTOUCH\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Quicktouch Technologies Limited<\/a><\/strong> have approved a strategic initiative of foraying into the renewable energy sector. This involves implementing green\/ renewable energy solutions across various educational institutions through installation of solar panels.\u00a0<\/p><p>It will pursue a green\/renewable energy project either through a joint venture with a renowned partner or by establishing a wholly owned subsidiary. This initiative aligns with the company\u2019s long-term vision of promoting sustainability and reducing carbon footprints while providing cost-effective energy solutions to educational institutions&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-656968767\"><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>In Additon its board has also approved a collaborative project with Srikaya Foundation to establish an Incubation Centre. Quicktouch has committed an initial funding of Rs.10 crores for the setup and promotion of the centre, which will provide infrastructure, business mentorship, technology support, and financial assistance to early-stage startups and entrepreneurs.&nbsp;<\/p><p>It has also approved the launch of a new product, Digital Yodha, a channel partner application designed to enhance business development through various channel partners. This innovative application will enable channel partners to onboard themselves for selling and promoting Quicktouch&#8217;s diverse range of products across different geographical markets&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Quicktouch Technologies Limited is an information technology company engaged in providing Software IT solutions and Consulting Services, IT Product\/Software Development and Software Commercial Training, and Web designing.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials and Ratios&nbsp;<\/strong><\/h2><p>Its Revenue from operations grew by 266 percent from Rs. 11.38 Crores in Q1FY24 to Rs. 41.70 Crores in Q1FY25, accompanied by profits of Rs. 56 Lakhs to Rs. 1.68 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 14.1 percent, and a return on capital employed (ROCE) of 15.3 percent. It has reported a debt-to-equity ratio of 0.28.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-content-10\" id=\"trade-958440556\"><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><div class=\"trade-after-content\" id=\"trade-946028026\"><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>IT stock engaged in providing Software IT solutions and Consulting Services, Web designing and many more jumped upto 9 percent in the day\u2019s trade upon foraying into renewable energy solutions.&nbsp; Price action&nbsp; With a market capitalization of Rs. 99 Crores, the shares of Quicktouch Technologies Limited were trading at Rs. 159 per equity share, up [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119044,"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":[5567,22860,22859,21267,948,936],"class_list":["post-134366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-it-stock","tag-quicktouch-technologies-forays-into-renewable-energy","tag-quicktouch-technologies-latest-news","tag-quicktouch-technologies-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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