Penny stock at Rs 14.79: This micro-cap company bags new order worth Rs 1,00,00,000 from BSNL Chennai Telephones

Mudunuru Ltd has secured a 3-year contract from BSNL Chennai Telephones to provide an SMS Aggregating Solution for the Indian Overseas Bank (IOB). The contract, valued at approximately Rs1,00,00,000, is expected to result in growth as IOB’s SMS volume increases. There are no conflicts of interest between Mudunuru Ltd, its promoters, group companies, and BSNL Chennai Telephones.

Established in 1994, Mudunuru Ltd is a software company that offers various services such as application development using biometric technologies, IoT solutions, cybersecurity, smart city initiatives, big data analytics, blockchain technology, data center cloud services, business process outsourcing, knowledge process outsourcing, and ICT products and solutions. They specialize in Fintech, IDTech, EdTech, SmartCityTech, and Research & Development.

The company’s stock price has seen significant growth, rising from Rs 4.25 to Rs 14.79 per share, translating to multibagger returns of 248% over 3 years. In comparison, the BSE Information Technology Index has increased by 29% during the same period. Mudunuru Ltd’s market cap stands at Rs 42 crore with a 3-year stock price CAGR of 60%.

It’s important to note that the information provided in this article is for informational purposes only and should not be considered as investment advice.