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SLONE Slone Infosystems News Story

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TechnologyHighly SpeculativeMicro CapValue Trap

India's Slone Infosystems hits record high on order win

** Shares of Slone Infosystems Ltd  SLON.NS  rise as much as
10% to hit record high of 175.60 rupees 
    ** IT equipment seller says it has entered into agreement
with Go Digit General Insurance Ltd  GODG.NS  for 5 years for
development and maintenance of application programming
interfaces
    ** Stock on track to gain for 4th straight day
    ** More than 446,000 shares traded as of 12:13 p.m. IST,
2.9x their 30-day moving avg
    ** SLON has gained ~55% since listing in May

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

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