India's AGS Transact to commence fuel payment solution pilot testing, shares rise

AGS Transact Technologies

11/01/2024 08:27

** Shares of payment solutions provider AGS Transact
Technologies  AGST.NS  rise as much as 5.9% to 118 rupees,
highest price since May 4, 2022
    ** AGST says it will begin pilot testing of a contactless
fuel payment solution on its Ongo app at select fuel retail
outlets in Mumbai    
    ** Share price above 50-day, 100-day and 200-day simple
moving averages since Nov. 10, when co won order for 1,350+ ATMs
from State Bank of India  SBI.NS  
    ** Stock on track for a sixth consecutive session of gain,
if trend holds
    ** Trading vol 1.4x the 30-day daily avg
    ** Stock rose 51.6% in Dec qtr, its best quarterly
performance since Jan 2022 listing



 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))