This Micro Cap Stock Is Surging 10% After Winning Government Contract

Shares of Trigyn Technologies soared over 10% on Wednesday to hit an intraday high of ₹131.50.

What Happened: The surge comes today as the company late on Tuesday announced bagging a letter of award from the Digital India Corporation. The contract is to provide technical manpower for the LokOS
project.

In an exchange filing, the company informed that the contract will be for three years up to Aug.23, 2026, and further extendable based on performance. The project value is approx. ₹35 crore (3 Years) and ₹65 crore (5 Years).

See Also: Why Suzlon Energy Shares Are Up By 5% On Wednesday

The company’s revenue from operation for the June quarter came in at ₹322.5 up around 13% year-over-year. Profit for the April-June period was at ₹12 crore, more than double the ₹5.9 crore profit it booked in the year-ago period.

Price Action: Trigyn’s share price was up 6.36% to trade at ₹127.15 in the early hours of trading on Wednesday.

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Posted In: MoversTrading IdeasTrigyn Tech