India's Globesecure Technologies jumps on $9.6 mln order win

Globesecure Technologies

05/12/2023 06:38

** Shares of Globesecure Technologies  GLOG.NS  up as much
as 9.98% to 79.35 rupees, their highest since Oct. 23
    ** Cyber security solutions provider said it received work
order from Bharat Sanchar Nigam Ltd (BSNL)
    ** Total work order for 7,900 rural governance bodies is
worth 800 million  rupees ($9.6 million); to be executed in
approx. 1-3 yrs
    ** About 110,000 shares changed hands, 2.2x 30-day moving
average    
    ** Stock last up 10%, trimming YTD losses to over 11% 
    

($1 = 83.3800 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))