{"id":138295,"date":"2024-11-06T11:18:05","date_gmt":"2024-11-06T05:48:05","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=138295"},"modified":"2024-11-06T15:32:43","modified_gmt":"2024-11-06T10:02:43","slug":"it-stock-hits-5-upper-circuit-after-receiving-order-from-govt-of-himachal-for-computerization-of-bank","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-receiving-order-from-govt-of-himachal-for-computerization-of-bank\/","title":{"rendered":"IT stock hits 5% upper circuit after receiving order from Govt of Himachal\u00a0for computerization of bank"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3205978246\"><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>During Wednesday\u2019s trading session, the shares of an IT consultancy and services company hit a 5 percent upper circuit to a new 52-week high at Rs. 211.35 on BSE, after receiving a work order worth Rs. 1.93 crores from the Director of Cooperation, Himachal Pradesh, for computerisation of banks.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-948453175\"><!-- 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 cap of Rs. 232 crores, the shares of Atishay Limited opened in the green at Rs. 211.35, compared to its previous closing price of Rs. 201.3.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What\u2019s the news:&nbsp;<\/strong><\/h2><p>According to the latest regulatory filings with the BSE, <strong>Atishay Limited<\/strong> has been awarded a significant work order worth Rs. 1.93 crores from the Director of Cooperation, Himachal Pradesh, for the computerization of Agriculture and Rural Development Banks (ARDBs).\u00a0<\/p><p>The project involves the digital transformation of State Cooperative Agriculture and Rural Development Banks (SCARDBs), Primary Cooperative Agricultural and Rural Development Banks (PCARDBs), and their branches across all districts of Himachal Pradesh.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-481866179\"><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 aim is to enhance financial accessibility and improve operational efficiency within the region.&nbsp;<\/p><p>This initiative represents a significant milestone for Atishay, expanding its expertise and strengthening its market presence in the digitization of financial services for the agriculture and rural development sectors.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Previous Orders:&nbsp;<\/strong><\/h2><p>On 21st October, Atishay Limited secured a work order from The Jodhpur Central Cooperative Bank Limited, located in Jodhpur, Rajasthan, for Primary Agriculture Credit Societies (PACS) digitization in Rajasthan.&nbsp;<\/p><p>The work order involves the supply, installation, commissioning, and maintenance of Micro ATM devices as part of the PACS digitization initiative in the state, with an estimated value of Rs. 98.7 lakhs.&nbsp;<\/p><p>On 29th October, Atishay Limited was awarded another work order, valued at Rs. 16 crores, by the Director of Cooperation, Himachal Pradesh. This order was for the computerization of an additional 919 PACS across all districts of Himachal Pradesh.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials:<\/strong><\/h2><p>The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 78 percent, rising from Rs. 7.3 crores in Q2 FY24 to Rs. 13 crores in Q2 FY25.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3699011426\"><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>Likewise, during the same period, the company&#8217;s net profit increased from Rs. 1 crore to Rs. 1.5 crore, representing a significant growth of around 50 percent YoY.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Stock Performance:&nbsp;<\/strong><\/h2><p>The stock has delivered multibagger returns of nearly 356.5 percent in one year, as well as around 187.6 percent of positive returns in the last six months. So far in 2024, the shares of Atishay have given multibagger returns of about 390.7 percent.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Established in 1989, Atishay Limited is primarily engaged in the business of Information Technology (IT), database management, software development, e-governance and retail fintech services.&nbsp;<\/p><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><h2 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h2><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on&nbsp;<a href=\"https:\/\/tradebrains.in\/\">tradebrains.in<\/a>&nbsp;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><p><\/p><div class=\"trade-after-content\" id=\"trade-1134488886\"><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>During Wednesday\u2019s trading session, the shares of an IT consultancy and services company hit a 5 percent upper circuit to a new 52-week high at Rs. 211.35 on BSE, after receiving a work order worth Rs. 1.93 crores from the Director of Cooperation, Himachal Pradesh, for computerisation of banks.&nbsp; With a market cap of Rs. [&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":[4865,31,13525],"tags":[],"class_list":["post-138295","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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock hits 5% upper circuit after receiving order from Govt of Himachal\u00a0for computerization of bank - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"During Wednesday\u2019s trading session, the shares of an IT consultancy and services company hit a 5 percent upper circuit to a new 52-week high at Rs. 211.35 on BSE, after receiving a work order worth Rs. 1.93 crores from the Director of Cooperation, Himachal Pradesh, for computerisation of banks.\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-hits-5-upper-circuit-after-receiving-order-from-govt-of-himachal-for-computerization-of-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock hits 5% upper circuit after receiving order from Govt of Himachal\u00a0for computerization of bank\" \/>\n<meta property=\"og:description\" content=\"During Wednesday\u2019s trading session, the shares of an IT consultancy and services company hit a 5 percent upper circuit to a new 52-week high at Rs. 211.35 on BSE, after receiving a work order worth Rs. 1.93 crores from the Director of Cooperation, Himachal Pradesh, for computerisation of banks.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-receiving-order-from-govt-of-himachal-for-computerization-of-bank\/\" \/>\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=\"2024-11-06T05:48:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-06T10:02:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/02\/it-laptop.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-hits-5-upper-circuit-after-receiving-order-from-govt-of-himachal-for-computerization-of-bank\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-receiving-order-from-govt-of-himachal-for-computerization-of-bank\/\",\"name\":\"IT stock hits 5% upper circuit after receiving order from Govt of Himachal\u00a0for computerization of bank - 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