AGS Transact Technologies trades higher on winning order for over 8000 ATMs/ CRMs
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AGS Transact Technologies is currently trading at Rs. 61.40, up by 0.90 points or 1.49% from its previous closing of Rs. 60.50 on the BSE.
The scrip opened at Rs. 60.55 and has touched a high and low of Rs. 61.80 and Rs. 60.55 respectively. So far 7627 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 154.00 on 10-Feb-2022 and a 52 week low of Rs. 55.45 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 62.20 and Rs. 56.60 respectively. The current market cap of the company is Rs. 743.59 crore.
The promoters holding in the company stood at 65.52%, while Institutions and Non-Institutions held 9.47% and 25.02% respectively.
AGS Transact Technologies has won orders for more than 8,000 ATMs/ CRMs under Managed Services portfolio for two leading banks. These new orders will start coming on stream from the next quarter onwards.
Further, these are existing ATMs/CRMs that company will be taking over; hence, this is an asset light expansion of its ATM/CRM base. As a result, it will bolster company's performance in terms of topline as well as bottomline. It will also contribute to the overall revenue stream of its cash management subsidiary Securevalue India. As of December 31, 2022, AGS Transact Technologies has installed, managed, or maintained 73,719 ATMs/CRMs across 2200 cities and towns in India.
AGS Transact Technologies operate its business in Payment Solutions; Banking Automation Solutions; and other Automation Solutions (for customers in the retail, petroleum and colour sectors) segments.
