Penny Stock Under Rs 15: ETT Secures Rs 65 Crore Order With 3-Year Contract Covering 7 Digital Services From Hong Kong-Based Chixin Technology

Penny Stock Under Rs 15: ETT Secures Rs 65 Crore Order With 3-Year Contract Covering 7 Digital Services From Hong Kong-Based Chixin Technology

DSIJ Intelligence-2

In the last 6 months, the stock has given 6.74 per cent returns and on a YTD basis, it is down by 9.16 per cent.

ETT Limited has announced the receipt of a significant order proposal. Dated May 10, 2025. The order proposal, amounting to USD 7,500,000 which is approximately Rs 65 Crores, has been received from Chixin Technology Co., Limited, based in Hong Kong. This substantial contract is for providing digital media marketing and online marketing services. The scope of work encompasses a wide range of activities, including Search Engine Optimisation (SEO), social media marketing, Pay-Per-Click (PPC) advertising, content marketing, email marketing, website analytics and reporting, along with other related services. The contract is set for a duration of 3 years, commencing on May 9, 2025, and concluding on May 8, 2028. The payment terms stipulate that monthly payments will be made by the 7th of each month for the work completed in the previous month. 

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Further details of the proposal include performance reporting, confidentiality clauses, and the transfer of Intellectual Property (IP) rights to Chixin Technology. It is specified that any intellectual property created by Laddu Gopal Online Services Limited during the course of providing these services will be owned by Chixin. Additionally, the agreement contains a termination clause, allowing either party to terminate the agreement with a 30 days written notice.

Laddu Gopal Online Services Limited, formerly known as ETT Limited, primarily operates in the business of property development and allied services. The company is involved in the development and management of software technology centers, multimedia houses, information technology parks, and other related activities. Their focus includes real estate development, providing intelligent office complexes, and IT/ITES parks. The company has one operating segment, which is Property Developers and Allied Services, and it operates solely within India. 

The stock is currently trading at Rs 14.7 per share with market capitalisation of Rs 39.6. In the last 6 months, the stock has given 6.74 per cent returns and on a YTD basis, it is down by 9.16 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.

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