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ESCONET — Esconet Technologies News Story

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TechnologyHighly SpeculativeMicro CapMomentum Trap

India's Esconet Technologies rises on 139 mln-rupee order win

** Esconet Technologies  ESCN.NS  rises as much as 3.9% to
359 rupees
    ** IT co gets letter of award from Himachal Pradesh State
Electricity Board to renew existing cyber-security devices and
to supply, install and integrate Web Application Firewall
Solution
    ** Contract valued at 139.1 mln rupees ($1.6 mln)
    ** Stock on track to snap 2-day losing streak
    ** ESCN gains ~29% since listing in February

($1 = 85.5150 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))

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