New Delhi: The shares of Hyderabad’s famous company Titan Intech Limited (TIL) are witnessing a rise. On Thursday, 24th October (Friday), its shares hit the 5 per cent upper circuit and traded at Rs 3.78 at the time of writing this article. Titan Intech has sealed a deal with South Korea’s Media Information Communication.
This deal is worth 1.53 million US dollars i.e. about Rs 13.31 million. Under this, both companies will work together on high-tech display technology. This includes LED, SMD, mini-LED and interactive LCD systems, which will further improve the Passenger Information System (PIS) for transport modes like railways and metro.
Titan Intech’s $1.53mn South Korean deal
The special feature of this deal is technology transfer and software licensing. In this, Korean partner Titan will provide design documents, hardware/firmware packages and comprehensive software licenses for LED control and calibration tools to Intech. TIL has been granted a non-exclusive license of the MLED Master Suite for seven years from 2025 to 2032, which covers all production and calibration tools for SMD and mini-LED systems. The purpose of this deal is to establish a local base for state-of-the-art display technology for the first time in India, which will strengthen the ‘Make in India’ initiative and reduce dependence on imports.
Titan Intech share details
On Friday, the Titan Intech shares touched the upper circuit of 5%. The company’s 52-week all-time high is Rs 4.82 and an all-time low of Rs 1.13. It has given multibagger returns of more than 200% from its lowest level to Rs 3.60. Its shares have jumped more than 22 percent in a week. At the same time, it has given a spectacular return of 1807 percent in 5 years. The company has a market cap of over Rs 100 crore, and its PE ratio is 30x, while the industry’s PE is 34x.
Founded in 1984, Titan Intech Limited is engaged in software development. Headquartered in Hyderabad, this company manufactures LED video displays, luminaires, high-end electronic and telecom equipment. It also provides software development and technical services to many central and state government undertakings.