Latest news with #Atishay
Business Standard
22-07-2025
- Business
- Business Standard
Atishay surges after consortium bags contract from Karnataka's State Election Commission
Atishay jumped 4.54% to Rs 134.80 after the company announced its consortium with Gundal Business has been awarded a rate contract by the State Election Commission, Karnataka. The said rate contract is valid for five years, i.e. up to 20 July 2030. The contract covers the preparation (generation, integration & merging of electoral database) and printing of photo electoral rolls & other printing works activities for local body elections across all 31 districts in Karnataka. As a rate-based contract, it has no fixed monetary value upfront. The total earnings will depend on the actual work orders placed during the five-year period. However, due to its significant scale and scope, the expected potential value is considerable. Atishay is primarily engaged in the business of information technology, database management, software development, e-governance, and retail fintech services. The companys standalone net profit slipped 6.34% to Rs 2.36 crore in Q4 FY25 as against Rs 2.52 crore posted in Q4 FY24. Revenue from operations tanked 26.50% to Rs 12.84 crore in Q4 FY25, compared with Rs 17.47 crore posted in Q4 FY24.
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Business Standard
22-07-2025
- Business
- Business Standard
This smallcap IT stock jumps 7% on order win today; here's why
Atishay share price today: Shares of smallcap information technology (IT) services company Atishay surged 7.8 per cent to hit an intraday high of ₹139 on Tuesday on the BSE after it received a five-year contract from the government of Karnataka. The stock was up 6.2 per cent at ₹136.95 compared to the previous day's close of ₹128.95 on the BSE, as of 12:30 PM. In comparison, the benchmark BSE Sensex was trading at 82,300 levels, up 100 points or 0.12 per cent. Last checked, the company's total market capitalisation stood at ₹151.38 crore. Atishay stock is up over 15 per cent from its 52-week low of ₹120.3, touched on August 29, 2024. However, on a year-to-date (YTD) basis, the stock has plunged over 38 per cent. In an exchange filing on Tuesday, the company informed that it has received a five-year rate contract from the State Election Commission of Karnataka. "The contract has been awarded to a consortium led by Atishay (Prime Bidder) and Gundal Business (Consortium Partner)," the company said. According to the filing, the scope of the work involves 'Preparation (Generation, Integration & Merging of Electoral Database) and Printing of Photo Electoral Rolls & Other Printing Works activities in connection with local body elections across 31 districts in the state of Karnataka. Work orders will be issued by the authority as per the requirement, the company said. The contract is valid till July 20, 2030. In addition, the contract is rate-based, with no fixed monetary value assigned at the outset. "The total consideration will depend on actual work orders placed during the contract period. However, given the scale and scope, the expected potential value is significant," the company said. Atishay financial snapshot In the March 2025 quarter (Q4FY25), the company has reported a total revenue of ₹12.84 crore and net profit of ₹2.37 crore. In the fiscal 2024-25 (FY25), the company revenue stood at ₹51.15 crore and net profit of 7.01 crore. About Atishay Incorporated in March 2000, Atishay offers a wide range of information technology, database management and e-governance services, including large-scale data entry and scanning solutions, digitisation services, document conversion, and database management to the PSUs and government entities. Currently, the company provides services in the states of Maharashtra, Rajasthan, Uttar Pradesh, Bihar and Madhya Pradesh.
Mint
22-07-2025
- Business
- Mint
Multibagger small-cap stock jumps over 5% on bagging 5-year contract from Karnataka govt
Stock Market Today: Multibagger small-cap stock gained more than 5% during the morning trades on Tuesday on bagging a 5-year contract from the Karnataka government. Check Details about Atishay Limited Atishay Limited on Tuesday, 22 July 2025, intimated to the exchanges about the award of a 5-year rate contract by the State Election Commission, Karnataka, to Atishay Limited-led Consortium. Atishay release on the BSE, or the Bombay Stock Exchange, that Atishay Limited name appeared as the prime bidder, in consortium with Gundal Business Private Limited, and has been awarded the Rate Contract Work Order by the State Election Commission, Karnataka, for the project. The project is titled 'Preparation (Generation, Integration & Merging of Electoral Database) and Printing of Photo Electoral Rolls & Other Printing Works Activities (Service Tender).' This work order obtained by Atishay pertains to elections to local bodies across 31 districts in the State of Karnataka, and the contract is valid for a period of five (5) years, i.e., up to July 20, 2030. Atishay share price opened at ₹ 133.40 on the BSE on Monday. The Atishay share price at the time of opening was up more than 3% compared to the previous day's closing price of ₹ 128.95. Atishay share price thereafter gained further to an intraday high of ₹ 135.80, which translated into gains of more than 5% during the intraday trades for Atishay share price. The Atishay share price that had seen a 52-week, or 1-year, high of ₹ 249.90 on 13 December 24, however, has corrected significantly ever since with the correction in the broader markets. It is the contracts like the one obtained on 22 July that are helping lift up investor sentiments. Atishay share price, despite significant correction, however, is still up more than 237% in the last 5 years and has given multibagger returns to the investors. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
22-07-2025
- Business
- Business Upturn
Atishay's shares rise nearly 4% as it wins 5-year Karnataka election contract
By Aditya Bhagchandani Published on July 22, 2025, 09:29 IST 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. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
09-07-2025
- Business
- Business Standard
Atishay standalone net profit rises 52.78% in the June 2025 quarter
Sales rise 21.15% to Rs 12.20 croreNet profit of Atishay rose 52.78% to Rs 1.65 crore in the quarter ended June 2025 as against Rs 1.08 crore during the previous quarter ended June 2024. Sales rose 21.15% to Rs 12.20 crore in the quarter ended June 2025 as against Rs 10.07 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 21 OPM %16.4816.48 -PBDT2.762.08 33 PBT2.291.61 42 NP1.651.08 53 Powered by Capital Market - Live News
