Stock Alert: Cranex, Asarfi Hospital, Takyon Networks, Silver Touch, ITCONS E-Soluti

Cranex Ltd. shares fell 2.31% to Rs 94.4, despite a 19.48% weekly gain. The company received a Letter of Award from South Central Railway for a Rs 1,06,81,360 EOT Crane, delivery due May 20th, 2027. Trading volume surged 520.26% to 8175 shares; Cranex grew 18.40% year-over-year, exceeding the NIFTY50’s 9.98% loss.

Asarfi Hospital Ltd. received credit rating upgrades from CRISIL Ratings Limited. Total Bank Loan Facilities of Rs 60 Crore were upgraded from CRISIL BBB/Stable (previously Rs 46.5 Crore) and assigned a CRISIL A3+ rating, also for Rs 60 Crore. A separate agency issued an unspecified rating upgrade; CRISIL released a Rating Rationale with undisclosed contents.

Takyon Networks Ltd. received a work order for Rs 2,56,10,953.77 from Banaras Locomotive Works (BLW), Indian Railways, Varanasi. The domestic contract, with a 9-month completion timeframe, covers RailNet/Internet Network System upgrades in the Administrative Building, including D&D and Computer Building. The order involves no related party transactions or promoter/group company interest.

Silver Touch Technologies Limited received a Rs 35,63,18,292.20 (inclusive of GST) purchase order from ITI Limited for 80 enterprise servers for the Indian Army. The competitive bid includes a 3-year warranty and a potential 8-year Annual Maintenance Contract (AMC) valued at Rs 14,04,07,208.04 (inclusive of GST), totaling approximately Rs 49.67 Crore over 11 years.

ITCONS e-Solutions Limited received a contract from the Rajiv Gandhi National Institute of Youth Development (RGNIYD) for manpower outsourcing services. The agreement, commencing October 12, 2026, and ending October 11, 2027, will deploy 79 resources. The total contract value is Rs 30307724.19, inclusive of all taxes and duties.