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ETT Limited has received an order worth Rs 60 crore from Star IT Solutions Limited, a Hong Kong-based company.
ETT is listed on the Bombay Stock Exchange, and its stock is currently trading at around Rs 14. The company’s market capitalisation is reportedly estimated to be around Rs 40 crore.
According to reports, the company reported a 375% rise in profit in FY 2023–24 compared to the previous year. In the first quarter of FY 2024–25, profit growth stood at 650%.
Promoters hold a 65% stake in the company. Foreign investors hold around 10%.
Some market analysts have noted the development and are tracking the stock’s movement.
