Shares of Atishay Ltd gained nearly 4% today after the company announced that it has been awarded a significant rate contract by the State Election Commission of Karnataka, boosting investor confidence in its long-term growth prospects.
On July 22, Atishay informed exchanges that it, as the prime bidder in a consortium with M/s Gundal Business Private Limited, secured a five-year rate contract for preparing and printing photo electoral rolls and related works for local body elections across 31 districts of Karnataka. The contract runs through July 20, 2030, covering generation, integration, and merging of electoral databases along with other printing activities. The value of the contract will depend on actual work orders issued during the tenure, but the company termed the potential value “significant.”
At the time of writing, Atishay shares were trading at ₹133.85, up 3.80% on the BSE.
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