Shares of Panth Infinity surge on getting a contract from CONNEXA FZC

CONNEXA FZC has given Panth Infinity a contract to develop an Artificial Intelligence Hub in the UAE, demonstrating the company’s commitment to defining the future of AI. This collaboration shows the merging of two creative forces to create an atmosphere that supports innovative technical developments, building on CONNEXA FZC’s already strong position in the field of Artificial Intelligence.  

The deal between CONNEXA FZC and Panth Infinity is worth around Rs 74 crore. Panth Infinity’s experience in AI solutions will be used to construct a cutting-edge AI Hub that will serve as a hub of innovation and excellence. This collaboration demonstrates a harmonic combination of CONNEXA FZC’s existing AI knowledge and Panth Infinity’s pioneering capabilities, with the potential to alter AI’s role in changing industries.  

The creation of the AI Hub exemplifies their common aim of pushing technical growth, developing creative solutions, and catalysing societal transformation. This partnership is in line with Panth Infinity’s fundamental objectives of pushing limits, promoting collaboration, and providing unrivaled value to its partners and stakeholders. Panth Infinity is currently engaged in the business of Precious Metals, Stones & Jewellery Trading.  

Panth Infinity is currently trading at Rs 7.93, up by 0.08 points or 1.02% from its previous closing of Rs 7.85 on the BSE. The scrip opened at Rs 8.05 and has touched a high and low of Rs 8.05 and Rs 7.66 respectively. So far 22716 shares were traded on the counter. 

The BSE group ‘XT’ stock of face value of Rs 10 has touched a 52-week high of Rs 30.40 and a 52-week low of Rs 6.00. Last one week high and low of the scrip stood at Rs 8.15 and Rs 7.25 respectively. The current market cap of the company is Rs 14.27 crore. The promoters holding in the company stood at 9.92%, while Non-Institutions held 90.08% of the company.  

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.