Latest news with #GACMTechnologies
Mint
2 days ago
- Business
- Mint
Penny stock below Re 1 to be in focus on Thursday; here's why
Penny stock: GACM Technologies shares will be in focus of stock market investors on Thursday, 3 July 2025, after the company announced its plans of issuing a ₹ 200 crore Qualified Institutions Placement (QIP) in one or more segments, according to an official release. The company also announced that it has entered into a definitive agreement to acquire a 30 per cent stake in WEXL Edu Pvt. Ltd, an emerging AI-driven EdTech and education data company. The deal is estimated to be over ₹ 500 crore in valuation. According to the filing, the company has scheduled Wednesday, 9 July 2025, as the date to create, offer, issue, and allot equity shares via the QIP issue. 'Board meeting of Telangana-based financial technology and financial consultancy services company,GACM Technologies Ltd is scheduled on July 9, 2025, to create, offer, issue, and allot securities of up to ₹ 200 crores through Qualified Institutions Placement (QIP) in one more tranche,' said the company in the release. GACM Technologies shares closed 4.95 per cent lower at ₹ 0.96 after Wednesday's session, compared to ₹ 1.01 in the previous stock market session. The company announced its QIP issue of ₹ 200 crore on 3 July 2025. GACM Technologies stock has given market investors more than 113 per cent returns on their investment in the last five years. However, the stock has lost 8.57 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares have gained over 23 per cent in 2025, and 17.07 per cent in the last one-month period. The shares hit their 52-week high at ₹ 1.80 on 5 September 2024, while the 52-week low level was at ₹ 0.57 on 28 March 2025, according to BSE data. The company's market capitalisation (M-Cap) was at ₹ 105.86 crore as of the stock market close on Wednesday, 2 July 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
25-06-2025
- Business
- Time of India
GACM Technologies to acquire 30% stake in AI edtech firm WeXL
GACM Technologies has entered into a definitive agreement to acquire a 30 per cent equity stake in AI-edtech data company WEXL Edu Pvt Ltd (WeXL), an exchange filing stated on Wednesday. "The projected valuation of the deal is estimated to be Rs 500 crore," GACM Technologies said in the filing. The Telangana-based financial technology company said it aims to leverage WeXL's existing dataset and platform to strategically transition into building an advanced AI agent framework. The deal will help GACM Technologies diversify into the fast-expanding education and GovTech segment with government orders, long-term contracts, and high-margin solutions, it added. The target has a confirmed order book of over Rs 30 crore, including Rs 25 crore from the Delhi government and Rs 5 crore from the Tamil Nadu government. It has a portfolio of five registered patents, including AI-based subjective answer correction, offline AI learning systems, and English proficiency assessments, the filing stated. Live Events "WeXL is also in discussion with CBSE for over Rs 200 crore tender-based deployment across 30,000-plus schools," the filing said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories WEXL Edu is an education technology firm engaged in delivering AI-enabled academic solutions across India.
Mint
25-06-2025
- Business
- Mint
Penny stock below Re 1 hits upper circuit after THIS acquisition update
GACM Technologies share price hit 5% upper circuit on Wednesday after the company announced the acquisition of 30% stake in education technology firm WEXL Edu Private Limited. The penny stock was locked-in at 5% upper circuit of ₹ 0.99 apiece on the BSE. GACM Technologies said it has entered into a definitive agreement to acquire a 30% equity stake in WEXL Edu Pvt Ltd, an emerging AI-driven EdTech and education data company with rapidly expanding government and institutional presence. WEXL is an education technology firm engaged in delivering AI-enabled academic solutions across India. It focuses on scalable, personalized learning and assessment platforms with national-level implementation potential. It has over ₹ 30 crore confirmed order book including ₹ 25 crore from Delhi Government and ₹ 5 crore from Tamil Nadu Government, GACM Technologies said in a regulatory filing on June 25. The transaction delivers multiple strategic and financial advantages to GACM Technologies, including diversification into High-Growth EdTech Sector, access to Nation-Scale Opportunities, IP-Driven expansion strategy, financial upside from margins and scale, and alignment with National Digital Vision. WEXL's operating margins in secured projects exceed 80%, and the company runs an extremely lean model with scalable digital delivery infrastructure, GACM Technologies said. GACM Technologies share price has gained 25% in one month and more than 52% in three months. On a year-to-date (YTD) basis, the penny stock has rallied 27%, while it has fallen 5% in the past one year. However, GACM Technologies shares have jumped 68% in three years and delivered multibagger returns of 120% in the past five years. At 12:35 PM, GACM Technologies share price was still locked at 5% upper circuit of ₹ 0.99 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
14-06-2025
- Business
- Business Standard
GACM Technologies allots Equity shares
Pursuant to Right IssueThe Rights Issue committee of GACM Technologies on 14th June 2025 has approved the allotment of 42,21,68,122 Rights Equity Shares of face value of ₹1/- each at a price of ₹1/- per Rights Equity Share and 7,14,47,440 Rights EQ-DVR of face value of ₹1/- each at a price of ₹1/- per Rights EQ by Capital Market - Live News
Business Standard
27-05-2025
- Business
- Business Standard
GACM Technologies consolidated net profit rises 430.30% in the March 2025 quarter
Sales rise 120.00% to Rs 4.84 crore Net profit of GACM Technologies rose 430.30% to Rs 1.75 crore in the quarter ended March 2025 as against Rs 0.33 crore during the previous quarter ended March 2024. Sales rose 120.00% to Rs 4.84 crore in the quarter ended March 2025 as against Rs 2.20 crore during the previous quarter ended March 2024. For the full year,net profit rose 264.60% to Rs 4.12 crore in the year ended March 2025 as against Rs 1.13 crore during the previous year ended March 2024. Sales rose 82.86% to Rs 13.66 crore in the year ended March 2025 as against Rs 7.47 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 4.842.20 120 13.667.47 83 OPM % 56.6134.55 - 43.4833.07 - PBDT 3.370.52 548 6.551.88 248 PBT 2.640.33 700 5.081.14 346 NP 1.750.33 430 4.121.13 265
