India's Slone Infosystems surges on order win

Slone Infosystems

21/06/2024 07:06

** Shares of Slone Infosystems  SLON.NS  up as much as 17.8%
to 108.95 rupees
    ** The IT solutions provider on Friday said it received an
order worth 70 mln rupees ($837,220) for supplying hardware,
software and installation services
    ** SLON did not disclose the identity of the company from
which it received the order
    ** Stock on track to snap two straight sessions of losses,
if current trend holds
    ** More than 233,000 shares change hands as of 11:31 a.m.
IST, 1.7x 30-day average
    ** As of last close, SLON's value has dropped about 22%
since its listing in May 

($1 = 83.6100 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))