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Trigyn Technologies advances on receiving LOA by Andhra Pradesh State Fibernet

09 Nov 2017

Trigyn Technologies is currently trading at Rs. 108.00, up by 4.35 points or 4.20% from its previous closing of Rs. 103.65 on the BSE.

The scrip opened at Rs. 109.40 and has touched a high and low of Rs. 109.40 and Rs. 107.40 respectively. So far 5,609 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.00 on 19-May-2017 and a 52 week low of Rs. 78.85 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 112.00 and Rs. 102.15 respectively. The current market cap of the company is Rs. 322.94 crore.

The promoters holding in the company stood at 47.35%, while Institutions and Non-Institutions held 0.08% and 52.57% respectively.

Trigyn Technologies has been granted a Letter of Acceptance (LOA) by Andhra Pradesh State Fibernet (APSFL). The LOA is for a consortium led by Trigyn for Implementation and Management of Cloud based Virtual Classroom system in Identified Schools in Andhra Pradesh.

The issuance of LOA is for the total contract amount of Rs 160 crore inclusive of design /implementation of virtual classroom systems, inclusive of cost towards operations and maintenance for a period of 3 years post Go-Live of Implementation phase.

Trigyn Technologies is a public multi-national Information Technology firm providing custom software solutions, Managed Services, Staff Augmentation and consulting services to clients in 16 countries across Asia, North America, Europe and Africa.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323