India's Onward Technologies surges after 330 mln-rupee order win

Onward Technologies

25/06/2026 08:13

** Shares of Onward Technologies OTEC.NS jump 11.7% to 299.5 rupees apiece - biggest pct gain since June 2025
** Stock hits highest level in over four months
** The IT services company signs an engineering services contract worth about 330 million rupees ($3.49 million) 
** Contract to launch Dedicated Offshore Development Centre (ODC) for unnamed global power management company for three years
** Technical indicators suggest that OTEC enters overbought territory for the first time since February this year
** YTD, stock up 6.5%
     
     
($1 = 94.4975 Indian rupees)

 (Reporting by Saikeerthi in Bengaluru)
 ((Saikeerthi@thomsonreuters.com; (+91) 8296756080))