Trigyn hits upper circuit for 5th straight day on winning 12-year contract

Thus far in March, the stock rallied 28% as compared to 1% rise in the S&P BSE Sensex

Trigyn Technologies hit its upper circuit for the fifth straight trading session by rising 5% to Rs 133 on BSE, after the company said its subsidiary won a contract from the information technology (IT) department of Maryland, US.

“Trigyn Technologies, Inc., a wholly-owned subsidiary of company, has been awarded a 12 year indefinite quantity fixed price & time & materials, consulting & technical services IT contract by the State of Maryland’s Department of Information Technology (DoIT),” Trigyn Technologies said in a press release on March 1, 2017.

The contract award covers functional areas, which include, Enterprise Service Provider, Web & Internet Services, Electronic Document Management, Geographical Information Systems, Software Engineering, Systems/Facilities Management and Maintenance, Information System Security, Application Service Provider.

It also covers IT & Telecommunications Financial & Auditing Consulting Services, IT Management Consulting Services, Business Process Consulting Services, Electronic Benefits Transfer, Media & Training Center Support and Documentation /Technical Writing. The functional areas include 114 labor categories.

Thus far in March, the stock has rallied 28% as compared to 1% rise in the S&P BSE Sensex. Till 10:47 am; a combined 304,254 shares changed hands and there were pending buy orders for 49,510 shares on the BSE and NSE.