The AGS Transact Technologies stock zoomed 8 percent on June 12 after the company said that it had begun installing ATMs for the State Bank of India.
The omni-channel payment solutions provider had in FY24 bagged an order from SBI to deploy 1,350 automated teller machines (ATMs) across the country.
At 11.43 am, the stock was trading at Rs 79.96 on BSE, up 7.97 percent from the previous close.
The order, which was received under banking automation solutions portfolio, is expected to be completed by the first half of FY25, the company said in a statement. The order involves providing banking automation solutions and long-term annual maintenance.
AGS Transact got another order from the country’s largest lender for more than 2,500 ATM/CRMs worth Rs 1,100 crore over a period of seven years, the exchange filing said.
By the end of FY24, the firm had installed or managed over 75,000 ATMs/CRMs in 2,200 cities across the country, the company said.
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