Tera Software Limited locked in 20% circuit after company bags order worth Rs. 324.89 crore

Shares of Tera Software Limited has hit the upper limit of 20% during today's trading in both NSE and BSE after the company announced that it has bagged a work order worth of Rs. 324.89 crores from Andhra Pradesh State FiberNet Limited (APSFL).

The company has signed an agreement with APSFL to act as Project Implementation Agency for BharatNet Phase-II works to establish Optical Fibre Grid Network (Supply, installation and Commissioning) in 3394 Gram Panchayats in the state of Andhra Pradesh to be commissioned in 12 months and further O&M for the period of 7 years.

Shares of Tera Software Limited was trading at Rs. 50.30 in BSE, up by Rs. 8.35 or 19.90% and at Rs. 52.50 in NSE, up by Rs. 8.75 or 20%.

Was it a coincidence that the promoter of the company recently bought shares from market? Raja Sekhar Tummala has purchased 14899 shares of Tera Software Ltd

Source : Equity Bulls

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