AGS Transact Technologies saw a 3.88% surge in shares, closing at Rs 78.46 on BSE, following the announcement of a substantial INR 1,100-crore order from State Bank of India (SBI). The order spans 7 years, involving the deployment of 2,500+ ATMs under the Outsourced/Managed Services portfolio. The market cap now stands at Rs 952.53 crore.

With a one-year beta of 0.6, AGS Transact Technologies exhibits low volatility. Technical indicators reveal an overbought condition, with the relative strength index (RSI) at 78.6. The stock surpasses various moving averages, indicating a robust performance.

AGS Transact Technologies plans to deploy these ATMs on a transaction fee basis using the Total Outsourcing Model, with the rollout commencing in the next calendar year. Stanley Johnson, Executive Director, expressed excitement over the order win, emphasizing its positive impact on the Payment Solutions business segment.

The company, as of September 30, 2023, has a notable presence, having installed, managed, or maintained 77,658 ATMs/CRMs across 2,200 cities and towns in India. AGS Transact Technologies, recognized as one of India’s largest omni-channel payment solutions providers, specializes in digital and cash-based solutions for banks and corporate clients, encompassing ATM and CRM outsourcing, cash management, digital payment solutions, transaction processing services, and mobile wallets.

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