Penny stock under Rs 40 jumps over 8% after receiving order of Rs 8,65,00,000 from Antelope Valley Cancer Center
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The company has a market cap of Rs 36.7 crore and the stock is up by 48.44 per cent from its 52-week low of Rs 22.50 per share.
B2B Software Technologies Limited has secured an international order worth USD 10,00,000, approximately equivalent to Rs 8,65,00,000, from Antelope Valley Cancer Center in Palmdale, CA. This significant contract, spanning 60 months, focuses on enhancing the oncology practice's efficiency, quality of care and operational performance. The project will leverage advanced technologies, including Artificial Intelligence (AI), Machine Learning (ML), Deep Learning and Agentic Chatbots, alongside Data Mining, Digital Workflow Transformation and enhanced Cybersecurity.
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The agreement outlines a deliverable-based payment structure, with payments linked to progress milestones and reporting. Notably, there is a potential for the contract value to increase up to USD 1,500,000 based on successful execution and any additional technological advancements required. This order is categorized as a related party transaction; however, the company confirms it is being conducted at "arm's length" and is subject to shareholder approval, based on the recommendations of both the Audit Committee and the Board.
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Incorporated in 1994, B2B Software Technologies Ltd. stands as a Microsoft-Gold Enterprise Resource Planning partner, specializing in Microsoft Dynamics solutions. The company offers a comprehensive suite of services including ERP implementation, enterprise project management, system upgrades, ongoing ERP support and global outsourcing. With deep expertise in Microsoft Dynamics NAV, Microsoft Dynamics AX and Microsoft Dynamics 365, B2B Software Technologies focuses on delivering robust business process analysis, system design, technical proficiency and dedicated training and support to its clients.
On Wednesday, shares of B2B Software Technologies Ltd jumped 8.6 per cent to Rs 33.40 per share from its previous closing of Rs 30.76 per share. The shares of the company saw a spurt in volume by more than 2.31 times on the BSE. The company has a market cap of Rs 36.7 crore and the stock is up by 48.44 per cent from its 52-week low of Rs 22.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.