Suyog Telematics zooms on entering into arrangement with BSNL
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Suyog Telematics is currently trading at Rs. 1148.40, up by 58.10 points or 5.33% from its previous closing of Rs. 1090.30 on the BSE.
The scrip opened at Rs. 1170.00 and has touched a high and low of Rs. 1185.00 and Rs. 1119.00 respectively. So far 57991 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 1365.00 on 06-Feb-2024 and a 52 week low of Rs. 330.00 on 21-Jun-2023.
Last one week high and low of the scrip stood at Rs. 1185.00 and Rs. 1075.05 respectively. The current market cap of the company is Rs. 1231.47 crore.
The promoters holding in the company stood at 47.37%, while Institutions and Non-Institutions held 4.73% and 47.89% respectively.
Suyog Telematics has entered into arrangement with Bharat Sanchar Nigam (BSNL) for aggressive roll out of sites on IP1 model across India including critical Mumbai & Delhi Circle. All sites will have lock-in period of 10 years with MSA tenure of 15 years.
Suyog Telematics is a growing passive telecommunication infrastructure provider in India, engaged primarily in the business of installing and commissioning of Poles, Towers and Optical Fibre Cable (OFC) Systems in India.
