Tera Software surges on bagging work order worth of Rs 74.84 crore

06 Nov 2018

Tera Software is currently trading at Rs. 29.95, up by 0.45 points or 1.53% from its previous closing of Rs. 29.50 on the BSE.

The scrip opened at Rs. 29.00 and has touched a high and low of Rs. 29.95 and Rs. 29.00 respectively. So far 60 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 80.00 on 06-Nov-2017 and a 52 week low of Rs. 22.65 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 31.45 and Rs. 23.95 respectively. The current market cap of the company is Rs. 37.47 crore.

The promoters holding in the company stood at 47.45%, while Non-Institutions held 52.55% stake in the company.

Tera Software has bagged a work order worth of Rs 74.84 crore as a part of Smart City Mission (one of the Government's bold and new initiative to promote cities with core infrastructure and to give a decent quality of life to its citizens, a clean and sustainable environment and application of 'Smart' Solutions) an emerging domain of Information and Communications Technology (ICT) to act as System Integrator for implementation of PAN City ICT project in Davanagere City, State of Karnataka from Davanagere Smart City, Government of Karnataka to implement and integrate City Surveillance System, Smart Health Management, Solid Waste Management System, Water supply system, Underground Drainage, Intelligent Traffic Management System, Smart Parking, Intelligent Transport System, City Wi-Fi, Environment Sensors, e-Learning Centres, Smart energy/Roof Top Solar System, Smart Street Lighting and Quality Monitoring System.

Tera Software is a provider of integrated IT solutions. The company provides complete solutions from proof of concept to wide area replication in many e-governance verticals like education, registration, utilities, transportation, health, distribution, administration, co-operatives and agri-marketing; total turnkey system integration and networking solutions for banks, PSUs, defence and research organizations.

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