Tracxn Shares Jump 7% During Intraday

SUMMARY

The company stock was up 6.2% at INR 73.03 per share, as of 11:55 AM, on the BSE, compared to its previous close of INR 68.76 apiece yesterday

The market capitalisation of Tracxn currently stands at INR 774.63 Cr

Tracxn is set to report its third quarter financial results on February 10

Shares of market intelligence platform Tracxn Technologies jumped 7.5% to INR 73.9 apiece in the intraday trading session on the BSE today (February 6).

The company stock was up 6.2% at INR 73.03 per share, as of 11:55 AM, on the BSE, compared to its previous close of INR 68.76 apiece yesterday (February 5).

The market capitalisation of Tracxn currently stands at INR 774.63 Cr.

It is observed that the stock is set for the second day of gains after ending the first three sessions of February in red, if current trend holds.

However, shares of Tracxn lost more than 27% in value, from February 6, 2024.

To note, the Bengaluru-based company has been allotting stock options in the past few months at various intervals. For instance, it expanded its ESOP plan by allotting 4,47,036 equity shares in November, while it allocated over 2.42 Lakh stock options in October.

Furthermore, it has allotted shares for its employees in the months of September and August last year as well.

Earlier this week, Tracxn intimated the markets regulator Securities and Exchange Board of India (SEBI) in a filing that is set to report its financial results, of the quarter and nine months ended December 31, 2024, on February 10.

As of its previous quarter, the company slipped into the red after posting a net loss of INR 4.65 Cr. The company had reported a net profit of INR 1.27 Cr in the June quarter of FY25.

Meanwhile, its revenue from operations was nearly flat at INR 21.39 Cr in Q2 FY25 as against INR 21.49 Cr, a year ago.