Trigyn Tech rises over 5% on UN contract extension

The revised contract term will now expire on December 31, 2020, unless earlier terminated in accordance with the terms of the contract.

Nov 01, 2019 05:11 IST India Infoline News Service

Trigyn Technologies
Shares of Trigyn Technologies are trading higher by over 5% after the company informed the exchanges that the contract of its wholly owned subsidiary Trigyn Technologies Inc., with the United Nations for the provision of information and communication technology staffing support at the UN Missions and other UN offices is now extended for twelve (12) additional months from the expiration date (31 December, 2019).

The revised contract term will now expire on 31 December 2020, unless earlier terminated in accordance with the terms of the contract.

Trigyn Technologies, established in 1986, is a public multi-national Information Technology firm with 1,500 resources deployed in 25 countries across Asia, North America, Europe, and Africa.

Stock View:

Trigyn Technologies Ltd is currently trading at Rs53.40 up by Rs2.75 or 5.43% from its previous closing of Rs50.65 on the BSE.

The scrip opened at Rs49.50 and has touched a high and low of Rs55.75 and Rs49.40 respectively. So far 2,34,947 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs155.93cr.

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