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Cressanda Solutions shines on signing MoU with Buffshelfco for three-year

Cressanda Solutions is currently trading at Rs. 39.95, up by 1.60 points or 4.17% from its previous closing of Rs. 38.35 on the BSE.

The scrip opened at Rs. 38.70 and has touched a high and low of Rs. 40.15 and Rs. 38.45 respectively. So far 743895 shares were traded on the counter.

Cressanda Solutions
Cressanda Solutions

The BSE group ‘X’ stock of face value Rs. 1 has touched a 52 week high of Rs. 51.20 on 06-May-2022 and a 52 week low of Rs. 1.69 on 30-Sep-2021.

Last one week high and low of the scrip stood at Rs. 40.15 and Rs. 32.50 respectively. The current market cap of the company is Rs. 1580.03 crore.

The promoters holding in the company stood at 0.08%, while Institutions and Non-Institutions held 0.02% and 99.90% respectively.

Cressanda Solutions has signed a Memorandum of Understanding (MoU ) with a consortium led by Buffshelfco 59, South Africa (Buffshelfco) for a three-year period to provide cutting-edge user experience by delivering superior services in the domains of IT Infrastructure, Super App development, Digital services, and Marketing services across multiple static and mobile platforms. Buffshelfco and Cressanda’s collaboration seeks to create a dependable, technologically advanced, and smooth consumer experience to millions of customers across India.

Cressanda intends to use this MoU to capitalize on Buffshelfco’s experience in South Africa for development of Super Apps, which will offer a variety of digital services like online gaming, online entertainment, e -commerce, advertising, and other value -added services. Buffshelfco employs a distinctive Adoption & Consumption Delivery Model, allowing the business to better serve customers by addressing their demands with an interface that is exceptionally user-friendly (eX). This tactic will make it possible for users to adopt new technologies and then use the services made available through the platform, hence boosting user engagement and stickiness.

Cressanda Solutions offers a host of IT, Digital Media and IT Enabled services. Cressanda is a software development company that provides middleware products, systems integration services and bespoke software solutions.