Stock market update: MOS Utility shares in as company shares update regarding new launch
Stock market update: Shares of MOS Utility are in focus today as the company has announced exchanges about the launch of Q-BRIDGE – a comprehensive and inclusive fintech solution with the aim of unifying financial services for all Indians, especially those in rural areas. The stock opened flat at Rs 292.15 but soon gained momentum and touched a high of Rs 298.50. Last seen, it traded firmly in green at Rs 293.50 – a gain of Rs 1.35 from the previous close of Rs 292.15. The 52-week high of the stock is Rs 374.95, and the 52-week low is Rs 150.
The company said that the Q-BRIDGE is engineered to connect consumers, merchants, financial institutions, and digital platforms, creating a collaborative ecosystem that empowers urban and rural communities alike. Among the key services offered under that platform are – Quick Response Code Acceptance, Banking CSP (Customer Service Points, Remittance/DMT, IRCTC Railway Ticket Booking & Tourism Services, Digital Transactions & Financial Services, Gateway PG/POS Ecosystem, Ecosystem through CMS (Cash Management System) and others.
MOS Utility Limited, a fintech company, offers different types of Fintech and Utility Payment Solutions services to businesses and individuals. With a customer-centric approach, the company is committed to delivering seamless and secure fintech solutions that enhance accessibility and drive financial inclusion.
Meanwhile, benchmark indices Sensex and Nifty declined in early trade on Friday amid emergence of profit-taking after a sharp rally in the previous trading session.
Markets were dragged lower due to selling in IT stocks and a largely weak trend in Asian markets.
After a weak start to the day, the 30-share BSE benchmark gauge Sensex further declined 252.97 points to 82,277.77 in early trade. The NSE Nifty dropped 67.6 points to 24,994.50.
From the Sensex firms, Bharti Airtel, IndusInd Bank, State Bank of India, Infosys, Power Grid, HCL Tech, Tech Mahindra and Mahindra & Mahindra were the major laggards. Eternal, NTPC, Adani Ports, Bajaj Finance and Bajaj Finserv were among the gainers.
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