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Stock under ₹25 hits 10% upper circuit after company to enter into MoU with Singapore based semiconductor company

Indian tech company plans a board meeting to approve a partnership with a Singapore semiconductor firm, aiming to enhance innovation, strengthen its portfolio, and drive market expansion.
Stock Soars 10% as Company Announces MoU with Singapore-Based Semiconductor Firm

Introduction:

Leading Indian technology firm has scheduled a board meeting on January 8, 2025, to finalize a partnership with a Singapore-based semiconductor solutions company, aiming to enhance its portfolio, foster innovation, and expand its market presence.

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Also Read: Stocks to Consider for This New Year 2025

Share price movement of Bartronics India:

On January 3, 2025, Bartronics India Ltd. opened at ₹20.18, up 9.97% from its previous close of ₹18.35. The stock hit a high of ₹20.18 and a low of ₹19.40. By 9:46 AM, it traded at ₹20.18 with a market cap of ₹614.64 crore.

Bartronics Partners with TPW Global:

Bartronics India Limited has announced a board meeting on January 8, 2025, to discuss and approve a Memorandum of Understanding (MoU) with Singapore-based semiconductor solutions company, TPW Global.

The meeting, scheduled at the company’s corporate office in Hyderabad, will address key aspects of the proposed partnership. TPW Global’s expertise in semiconductor solutions is expected to complement Bartronics’ existing portfolio, paving the way for innovative offerings and market expansion.

This strategic move reflects Bartronics’ commitment to fostering international partnerships and driving growth. Shareholders and stakeholders have been notified of the development, marking a significant step towards enhancing the company’s industry presence and operational excellence.

Recent news on Bartronics India:

As of August 23, 2024, Bartronics India announced a strategic investment in AI firm Jarvis, acquiring a 5% stake and a 51% stake in a new subsidiary, strengthening its position in AI-driven financial technology solutions.

Stock performance of Bartronics India for Period of 1 week, 6 months and 1 year:

Over the past week, Bartronics India Ltd. delivered a modest 1.22% return. However, its six-month performance saw a decline of 16.9%, while its one-year return remained nearly flat at -0.05%, reflecting mixed performance trends.

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Shareholding pattern of Bartronics India:

All values in %Sep 2024Jun 2024Mar 2024
Promoter85.60%90.00%90.00%
FII0.00%0.00%0.00%
DII0.20%0.20%0.20%
Public14.20%9.80%9.80%
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About Bartronics India:

Bartronics India Limited (NSE Symbol: ASMS), established in 1990, is India’s leading provider of Automatic Identification and Data Collection (AIDC) solutions, specializing in barcoding, biometrics, RFID, POS, EAS, and smart card technologies.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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