{"id":134474,"date":"2024-09-26T10:54:20","date_gmt":"2024-09-26T05:24:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=134474"},"modified":"2024-09-26T11:03:37","modified_gmt":"2024-09-26T05:33:37","slug":"it-stock-jumps-10-after-receiving-order-worth-4-62-cr-from-webel-technology","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-10-after-receiving-order-worth-4-62-cr-from-webel-technology\/","title":{"rendered":"IT stock jumps 10% after receiving order worth \u20b9 4.62 Cr from Webel Technology"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3423291551\"><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 cloud-based solution provider gained up to 10 percent after the company bagged a prestigious order from Webel Technology Limited worth Rs 4.62 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2650978538\"><!-- 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 capitalization of Rs 21.84 crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/544094\/consolidated\">Euphoria Infotech (India) Ltd<\/a><\/strong> were trading at Rs 75.25 per share, increasing around 7 percent as compared to the previous closing price of Rs 70.15 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for Rise:-&nbsp;<\/strong><\/h2><p>The shares of the company have seen bullish movement after Euphoria Infotech (India) Ltd bagged a prestigious order from Webel Technology Limited for the implementation of IT and ITes, the value of this contract is Rs 4.62 crore which is expected to be completed with March 2025. Webel Technology Limited is a nodal agency for the Government of West Bengal.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance:-&nbsp;<\/strong><\/h2><p>Looking into the company&#8217;s financial, Euphoria Infotech (India) Ltd\u2019s revenue decreased by 35 percent from Rs 3.65 Crore in H1FY24 to 2.36 Crore in H1FY24. During the same period, net profits decreased by 48 percent from Rs 0.60 crore to Rs 0.31 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-958504715\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/stocks-in-focus-3-stocks-that-set-record-date-for-stock-split-are-you-holding-any\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stocks in Focus: 3 Stocks that set record date for stock split<\/a><\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent orders:-&nbsp;<\/strong><\/h2><p>Recently, the company received a new order from Webel Technology Ltd worth Rs 2.53 crore for providing recruitment services for the West Bengal Police Recruitment Board, Govt of West Bengal. Webel Technology Limited is a nodal agency for the Government of West Bengal for implementation of IT and ITes.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Future Outlook:-&nbsp;<\/strong><\/h2><p>The firm plans to use cutting-edge technology to broaden its influence in India and throughout the world. The organization is committed to creating solutions that encourage corporate development, efficiency, and technical innovation while making major contributions to the IT and IT industries.&nbsp;<\/p><p>Furthermore, Euphoria Infotech has built strategic connections with government and financial institutions, serving as a technology partner for over 100 municipalities in West Bengal. The firm is a channel partner of Webel Technologies Limited, which strengthens its government relationships and project acquisition skills.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Snapshot:-&nbsp;<\/strong><\/h2><p>Euphoria Infotech (India) Ltd creates unique web apps for a variety of sectors and citizens. They also provide consulting services to assist clients with software development, implementation, and maintenance.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/stock-under-100-jumps-23-after-fii-bought-1-48-stake-in-the-company\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stock under \u20b9 100 jumps 23% after FII bought 1.48% stake in the company<\/a> \u00a0<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" 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-2434830603\"><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 cloud-based solution provider gained up to 10 percent after the company bagged a prestigious order from Webel Technology Limited worth Rs 4.62 crore.&nbsp; With a market capitalization of Rs 21.84 crore, the shares of Euphoria Infotech (India) Ltd were trading at Rs 75.25 per share, increasing around 7 percent as compared [&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":[22897,16982,5567,948,936,3157],"class_list":["post-134474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-euphoria-infotech","tag-euphoria-infotech-share-price","tag-it-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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