Cerebra Integrated Technologies surges 10 per cent on new agreement
The company has entered into an agreement with Iron Mountain to provide IT assets disposition (ITAD) services.
The agreement will help the company to provide the ITAD services to various large organisations in India for recycling IT e-waste. It has also received a purchase order against the agreement.
Iron Mountain Inc is an American enterprise information management services company, which is headquartered in Boston (USA). It has annual revenue of more than 4 billion USD. Over 95 per cent of the Fortune 1,000 companies use its services to store and manage their information & IT asset disposition. It has a customer base of more than 2,25,000 business enterprises.
The shares of Cerebra Integrated Technologies Limited reacted positively and were up by more than 10 per cent during the morning hours on Wednesday. At 2.48 pm, they were trading at a price of Rs 53.00, which is 4.85 per cent above its previous close. Meanwhile, the stock closed at Rs 53.05, up by 5.15 per cent on BSE.
---