Trigyn extends rally after signing agreement with large private sector bank

The stock is quoting at its 52-week high at Rs 149, surging 24% in past three trading days

Trigyn extends rally after signing agreement with large private sector bank
SI Reporter Mumbai
Last Updated : May 15 2017 | 3:15 PM IST
Trigyn Technologies is locked in upper circuit for the second straight trading days at Rs 149, up 10% on BSE after the company said it has entered into a long term agreement with large private sector bank.

'Trigyn has entered into a long term agreement with a leading private sector bank in India for enhancing the safety and security through IP-based surveillance, fire & intrusion alarm systems for its branches and onsite ATMs at multiple locations across India,” the company said in a press release on May 11, 2017.

This includes supply, installation, testing and commissioning of CCTV and FAS as well as providing managed services and integration with the command & control centre for efficient incident and response management, it added.

The stock is trading at its 52-week high, surging 24% from Rs 120 on May 10, on back of heavy volumes.

The trading volumes on the counter jumped an over five-fold with a combined 1.64 million shares changed hands on BSE and NSE till 03:09 pm. There were pending buy orders for 59,130 shares on both the exchanges.

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