{"id":139407,"date":"2024-11-22T12:37:47","date_gmt":"2024-11-22T07:07:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=139407"},"modified":"2024-11-22T14:30:22","modified_gmt":"2024-11-22T09:00:22","slug":"stock-jumps-3-after-signing-mous-with-govt-of-karnataka-and-others-for-bfsi-skill-development","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-3-after-signing-mous-with-govt-of-karnataka-and-others-for-bfsi-skill-development\/","title":{"rendered":"Stock jumps 3% after signing MoUs with Govt. of Karnataka and others for BFSI skill development"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1393949976\"><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>This Midcap IT stock that provides new-age technologies and next-gen IT services and solutions was up by 3.5 percent in opening trade after the company signed an MoU with the Government of Karnataka to upskill graduates in BFSI.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1314464397\"><!-- 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. 263 Crores, the shares of <strong>Equippp Social Impact Technologies Limited<\/strong> were up by 3.5 percent in the opening day\u2019s trade touching a day\u2019s high of Rs. 27.18 per share. The stock reiterated from the day\u2019s high and was trading at Rs. 25.55 per share which is 2.74 percent lower from the previous closing price of Rs. 26.27 apiece.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Equippp Social Impact Technologies Limited has signed a tripartite Memorandum of Understanding (MoU) with Karnataka Innovation and Technology Society (KITS), the Department of Electronics, Information Technology, Biotechnology, Government of Karnataka, and the BFSI Consortium.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>MoU focuses on Skill Development<\/strong><\/h2><p>The MoU was signed in an event conducted by the Government of Karnataka i.e.; Bengaluru Tech Summit 2024 aimed at upskilling students across engineering and graduate colleges for Karnataka\u2019s Banking, Financial Services, and Insurance (BFSI) sector. This partnership would include BFSI-focused minor degree programs aimed to provide service to around 10,000 students in the first phase of the program. These courses would include technological expertise, domain knowledge, and behavioral skills mirroring the BFSI industry.<\/p><div class=\"trade-content_5\" id=\"trade-1026020458\"><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>BFSI consortium, a nonprofit entity will design and deliver a curriculum that integrates technology, domain expertise, and behavioral skills. Equipp Social through Portal will act as a platform to monitor student progress, measure program outcomes, and facilitate placements in the BFSI sector.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Equippp Social Impact Technologies Ltd is an Indian technology services provider focused on creating social impact through innovative solutions. They specialize in enabling cross-sector collaborations and public-private partnerships (PPP) and offer a range of services such as impact assessment marketplaces, digital platforms for CSR, and IT consulting.&nbsp;<\/p><p>They leverage emerging technologies like analytics, AI, and blockchain to improve operational efficiency for governments, NGOs, and corporate social responsibility initiatives. Their mission is to foster sustainable social change by connecting diverse stakeholders and providing tailored technology solutions that address complex societal challenges.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials &amp; Ratios&nbsp;<\/strong><\/h2><p>Its Revenue from operations was nil in Q2FY24 and rose to Rs. 0.47 Crores in Q2FY25, accompanied by losses of Rs. 0.36 Crores to a loss of Rs. 0.52 Crores.&nbsp;<\/p><p>The current ratio of the company in FY24 stood at 1.69 times and reported a debt-to-equity ratio of 0.25.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding Pattern<\/strong><\/h2><p>As of September 2024, the shareholding pattern with the promoter&#8217;s stake holding a major share of 89.10 percent in Equippp Social Impact Technologies,&nbsp; and the remaining 10.90 percent were holdings from the public.<\/p><div class=\"trade-content-10\" id=\"trade-3377205248\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Santhosh S&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-2156361044\"><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>This Midcap IT stock that provides new-age technologies and next-gen IT services and solutions was up by 3.5 percent in opening trade after the company signed an MoU with the Government of Karnataka to upskill graduates in BFSI.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 263 Crores, the shares of Equippp Social Impact Technologies [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119107,"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-139407","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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